Gerry Horkan (Fianna Fail) | Oireachtas source

With reference to the pay review, the cap on bankers' pay and so on, I note from the answers in the questionnaire that AIB has 11 personnel earning between €400,000 and €500,000; 15 earning between €300,000 and €400,000; 67 earning between €200,000 and €300,000; 856 earning between €100,000 and €200,000; and 8,822 earning less than €100,000. There is still a very significant number - almost 1,000 - earning more than €100,000. Representatives of other banks have explained to the committee that the pay cap and the lack of bonuses, incentivised pay and so on are hampering their ability to recruit. There are nearly 1,000 staff in AIB earning more than €100,000. Presumably, a lot of them are working hard in doing their thing and they are not being poorly compensated for it. I am sure everybody working in the bank is well compensated for what he or she does. What is Dr. Hunt's view on the pay cap and the guidelines and regulations applied to performance related pay?