Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
11:40 am
Mr. John Moran:
Sorry, they do permit bonuses - they do not require bonuses to be paid to those levels. So the Government is perfectly within its rights despite these rules to take a view that they do not still want to see bonuses as part of the landscape of the covered banks until such time particularly as they are back in profitability.