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Banker Pay Restrictions Set to Remain, Irish Minister Warns

  • Irish government considering future of salary caps, bonus ban
  • Finance minister expected to make decision in coming weeks
Michael D'Arcy
Michael D'ArcyPhotographer: Anthony Kwan/Bloomberg
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Ireland won’t change its restrictions on banker pay, its junior finance minister signaled, in the clearest sign yet that the rules will remain in place.

“I’m of the view the decision is made,” Michael D’Arcy said in a Bloomberg TV interview in Hong Kong Monday. “The bankers in those institutions are well paid. The threshold is 500,000 euros and that’s in the very, very top percentile of anybody earning in Ireland.”