Ireland Said to Be Open to Revisiting Limits on Bankers' Pay
- Ireland capped pay, banned bonuses at bailed-out banks
- Tiered approach to focus on lower-paid bankers one option
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Irish authorities may revisit caps on banker pay and bonuses at bailed-out lenders if the nation’s economic revival continues, two people familiar with the situation said.
The government has limited salaries to 500,000 euros ($598,000) and banned bonuses at banks rescued by taxpayers during the financial crisis. While there’s no proposal on the table, the policy may be reconsidered should wages across the economy keep rising, according to one of the people, who declined to be identified because no decision has been made.