Sunday February 23, 2020

Brian Hayes: ‘End the ban on bankers’ bonuses, and raise TDs’ pay’

Ex-Fine Gael minister Brian Hayes says more money is needed to end the brain drain from both the banking sector and politics

Ian Guider

Markets Editor

@ianguider
19th January, 2020
Brian Hayes is now head of the Banking & Payments Federation of Ireland

The government should end the ban on bankers‘ bonuses and increase the pay of TDs, Brian Hayes, the former Fine Gael minister, has said.

Hayes, a former TD and MEP who is now head of the Banking & Payments Federation of Ireland (BPFI), said Irish banks were experiencing an outflow of staff at all levels because of the inability to offer variable pay and were training up graduates to work in foreign institutions.

Government...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Large foreign companies are the nation’s main drivers of growth but more needs to be done to improve productivity of Irish firms and make the economy more resilient, the organisation’s chief economist says

Peter O'Dwyer | 1 week ago

Director of economics calls for public policy to ‘underpin stability by dampening potential volatility’

Daniel Murray | 1 week ago

It’s not all high-flying IT and finance professionals – 60 per cent of workers in Ireland earn less than €30,000 a year and income and social class are a big influence on how people cast their ballot

Aidan Regan | 4 weeks ago