Written answers
Wednesday, 18 April 2012
Department of Finance
Banks Recapitalisation
10:00 pm
Robert Troy (Longford-Westmeath, Fianna Fail)
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Question 15: To ask the Minister for Finance when he intends to provide Dáil Éireann with an update on the review, which commenced in April 2011, of the severance and remuneration package arrangements at the covered institutions; and if he will make a statement on the matter. [19293/12]
Michael Noonan (Limerick City, Fine Gael)
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As recently as last month – 29 March 2012 – I indicated to the Deputy, in response to his question on the matter, that I am not in a position to specify when the review will be completed. In the light of recent developments on redundancies issues I am presently considering how best to progress the review. I also indicated that I would not consider it appropriate to publish incomplete interim data at this stage.
As I have stated previously, I fully recognise that there is a real public interest in the levels of remuneration at the covered institutions and have committed to placing the details underpinning the review into the public domain.
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