Oireachtas Joint and Select Committees

Thursday, 4 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: Bank of Ireland

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

A pay review commissioned by the Minister, Deputy Donohoe, and being undertaken by Korn Ferry, was due to be completed a few months ago and is presumably not far away from being completed. Has Bank of Ireland been involved in the process or been consulted? Did it make a submission and does it have any observations to make to the committee on it? We know that AIB has lost a CEO and a chief financial officer. What is the labour market like for Bank of Ireland? Is it dealing with similar retention issues? Has the entrance into Ireland in a significant way of Bank of America Merrill Lynch and Barclays Bank, in the context of Brexit, changed the landscape as regards the competition for talent? Perhaps Ms McDonagh could answer in the context of the bank's remuneration policy.

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