Oireachtas Joint and Select Committees
Thursday, 4 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Professor Lane is aware that there is an ongoing review relating to bankers' pay that is looking at whether the cap of €500,000 is appropriate going into the future. Of course, Bank of Ireland has always breached the latter threshold. Has the Central Bank fed into that review? If he is in a position to do so, will Professor Lane outline his opinion in that regard? This was probably instigated by the scheme going before the AIB board, which was looking at a bonus. What are Professor Lane's views on that, on the culture of the banks and on how remuneration can or cannot affect it?
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