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

It is clear that the bankers have an entirely different expectation of the review. When IBRC appeared before the Committee on Finance and Public Expenditure and Reform, it expressed the hope that the review would lead to pay increases because it finds it difficult at present to attract and retain the right staff.

Will the Minister agree to taking legal advice on the aforementioned legislation to determine whether he can intervene in respect of pay and pensions? He started his review in April of last year and then he wrote to us on 18 October that he has now appointed Mercer. What happened to the review that was ongoing for 18 months?

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