Finance
Bankers’ pay cap should be kept as lenders have ‘failed to recover public trust’
Financial Services Union rebukes government and Central Bank of Ireland for ‘laissez faire’ approach to regulating country’s banks
A controversial €500,000 bankers’ pay cap has “served the public interest well” and should be retained despite calls from prominent industry figures for its abolition, the leading trade union in the financial sector has said.
The Financial Services Union (FSU) has refuted claims from major banks that the cap, implemented during the government’s bailout of the sector 10 years ago, hinders their ability to retain senior staff.
In a submission to the government’s banking consultation, ...
