Written answers

Thursday, 21 July 2011

Department of Finance

Banking Sector Remuneration

7:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 142: To ask the Minister for Finance if he will provide details, including the overall value involved and the number of current and former employee beneficiaries, of any of the following payments at AIB during 2011 guaranteed bonus, contractual bonus, cash long-term incentives, deferred bonus and retention payments; and if he will make a statement on the matter. [22536/11]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 143: To ask the Minister for Finance if he will provide details, including the overall value involved and the number of current and former employee beneficiaries, of any of the following payments at Bank of Ireland during 2011: guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments;; and if he will make a statement on the matter. [22539/11]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 144: To ask the Minister for Finance if he will provide details, including the overall value involved and the number of current and former employee beneficiaries, of any of the following payments at Anglo Irish Bank during 2011: guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments; and if he will make a statement on the matter. [22540/11]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 145: To ask the Minister for Finance if he will provide details, including the overall value involved and the number of current and former employee beneficiaries, of any of the following payments at INBS during 2011: guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments; and if he will make a statement on the matter. [22541/11]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 146: To ask the Minister for Finance if he will provide details, including the overall value involved and the number of current and former employee beneficiaries, of any of the following payments at EBS during 2011: guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments;; and if he will make a statement on the matter. [22542/11]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 147: To ask the Minister for Finance if he will provide details, including the overall value involved and the number of current and former employee beneficiaries, of any of the following payments at ILP during 2011: guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments;; and if he will make a statement on the matter. [22543/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 142 to 147, inclusive, together.

The Deputy will be aware that the institutions continue to be managed at arms length basis, not withstanding the large shareholding the Government holds. Accordingly, I do not compile the data sought by the Deputy at the level of detail he is seeking. This also applies to a whole series of questions put down for answer on the issue of remuneration matters at the covered institutions lately.

As I have said in response to these questions, my Department cannot compile data on a bespoke basis in relation to a large number of differently framed remuneration related questions at once, in the timeframe applicable to parliamentary replies and within the resources available, so I a seeking to find an approach that can properly respond to the clear public interest here.

As I have indicated in other replies yesterday on the same subject, far from wanting to restrict access to such information, I fully recognise that there is a real public interest in the levels of remuneration at the covered institutions. I have asked the institutions to compile data on remuneration practices and details with a view, as part of the remuneration review presently being conducted by the institutions at the request of my Department, to improving transparency on the issue. I will endeavour to have this completed in light of the above comments in the shortest timeframe possible with a view to putting the information into the public domain.

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