Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland

2:00 pm

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I will go back to the issue of reputation. I have been like a broken record on the issue of reputation for several years and I heard Deputies Creed and Donnelly speaking about it. There is one thing I am trying to get my head around, which I would like to tease out with Mr. Boucher. He talks about having 500 people working in the area of dealing with distressed mortgages. Bonuses are part of the culture in banks again. How are people dealing with distressed mortgages incentivised? Are they incentivised on the number-----

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