Written answers
Thursday, 28 February 2013
Department of Finance
Banking Sector Remuneration
Gerry Adams (Louth, Sinn Fein)
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To ask the Minister for Finance if he will explain the delay in the publication of the Mercer Report on bankers’ salaries; the total cost to date of the report; and the estimated final cost. [10562/13]
Michael Noonan (Limerick City, Fine Gael)
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As I indicated in my last reply (Ref No. 9232/13 of 20 February, 2013) my Department is in final discussions with the consultants on the report. I expect to bring it to Government imminently for decision. The estimated total cost of the Remuneration Review is €119,000(ex VAT) – 50% of which has been paid to date.
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