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Why Irish Bankers May Be Losing Battle to Get Bonuses Back

  • Government considers lifting post-crisis pay restrictions
  • For minority administration, issue remains politically toxic
Paschal Donohoe

Paschal Donohoe

Photographer: Chris Ratcliffe/Bloomberg
Updated on

For high-flying Irish bankers hoping to get bonuses again, the mood music is increasingly grim.

During the financial crisis, the government capped pay and banned bonuses at bailed-out lenders. Almost a decade on, amid concerns that the industry was facing an exodus of talent, Finance Minister Paschal Donohoe commissioned a report into the restrictions, which cover about 23,000 bankers.