Micheál Martin (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if bank bonuses were discussed at the recent EU Council meeting; if any action will be taken; and if he will make a statement on the matter. [36899/12]

Michael Noonan (Limerick City, Fine Gael)
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I attended the recent Informal ECOFIN Council meeting which took place on the 13th and 14th September in Cyprus. At this meeting the issue of bank bonuses was not discussed under any of the agenda items. I understand that the issue of bonuses has been raised by the European Parliament as part of the Trilogue considerations under the Capital Requirement Regulation and Directive. My officials are engaging proactively in these discussions through their engagement with the European Council.