Pearse Doherty (Donegal South West, Sinn Fein)
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Question 83: To ask the Minister for Finance in view of the fact that they are not among the commercial semi-State bodies listed in the schedule of the Financial Emergency Measures in the Public Interest (No 2) Act 2009, when he will apply the provisions of the Act to Anglo Irish Bank, Irish Nationwide Building Society and EBS Building Society each of which the Government is the sole shareholder or special investment shareholder and to which the taxpayer has so far contributed capital amounting to over €35 billion; and if he will make a statement on the matter. [11911/11]

Michael Noonan (Limerick City, Fine Gael)
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The Financial Emergency Measures in the Public Interest (No. 2) Act, 2009 effected reductions in the remuneration of public servants with effect from 1 January 2010. Staff of the financial institutions referred to in the question do not meet the legal definition of public servant set out in this legislation and accordingly the provisions of the Act do not apply to the staff concerned.

In relation to the matter of staff remuneration, the NTMA have recently, on behalf of my Department, requested the CEOs of each of the covered institutions including those referred to in the question, to review remuneration policy and practices in their institutions. The institutions have also been asked to consider measures that could be undertaken to align staff expectations with regard to benefits/remuneration to the changed economic environment and the financial circumstances of the banks.