Seanad debates

Thursday, 15 November 2012

Adjournment Matters

Banking Sector Remuneration

12:50 pm

Photo of John WhelanJohn Whelan (Labour) | Oireachtas source

I thank the Minister for coming here personally to take the question so seriously. I am somewhat relieved to hear that he has not finished with the matter, that it is a work in progress and that he is continuing to address this issue. I am, however, a little disappointed to hear that his hands are tied and that there are legal constraints. What is the scope, if necessary, to change the law to address this? It is unsustainable in the current climate. I agree with the Minister that we are not just talking about bankers or singling out any one sector of society. It should apply across the board where high pensions and salaries are paid from the public purse.

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