Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The Deputy is correct - we have gone out to tender for consultants that would give me an assessment of our position on banking pay and compensation. I think that report is in the early phases of being done and that I will get it later this year. Banking policy stands as it is, which is consistent with that of the time when the Deputy was in government. A matter I increasingly have to deal with is that we have so many banks now located here in Dublin and Ireland that, because they are foreign and not domestically owned, they are not subject to our banking policy in respect of remuneration. This is then an issue for banks that the State owns. As I said a moment ago, however, a review on this is under way. I announced this as part of the decision I made to vote against a resolution on remuneration at the AIB AGM and I will receive a report on the matter later in the year.