BoI chair calls for Irish banker pay cap to be lifted – Should bankers be allowed more than €500k salaries?

GIVE A MAN A GUN AND HE CAN ROB A BANK GIVE A MAN A BANK & HE CAN ROB THE WORLD - )

The chairman of Bank of Ireland has said restrictions on remuneration which apply to it and other banks here should be replaced by European Banking Authority guidelines on pay.
Patrick Kennedy said the pay cap (a mere €500,000 annually) and ban on variable pay are not replicated in any market in which the bank does business.
“They create an uneven playing field between the bank and other corporates, both banking corporates and non-banking corporates, with whom we compete for talent,” Mr Kennedy told the bank’s annual general meeting (AGM) in Dublin today.

SEE FULL FEATURE: https://www.rte.ie/news/business/2022/0526/1301346-boi-chair-calls-for-irish-banker-pay-cap-to-be-lifted