Written answers

Thursday, 20 December 2012

Department of Finance

Banking Sector Remuneration

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance when he expects to have the Mercer Report on remuneration levels within the covered institutions to hand; when he expects to make decisions in respect of same and when he plans to publish the report.; and if he will make a statement on the matter. [57615/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am expecting the consultant’s draft report on a Review of Remuneration Practices & Frameworks at the Covered Institutions to be delivered by the end of the year, whereupon the findings will be reviewed by my Department and consultations with the various stakeholders will commence. I fully recognise that there is a real public interest in the levels of remuneration at the covered institutions. I will endeavour to have the details underpinning the review published in the shortest timeframe possible.


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