Aynsley defends his €866k package as representing good value for money

Irish Bank Resolution Corporation boss Mike Aynsley yesterday defended his remuneration package of €866,000, saying he felt it represented value for money.

It also emerged that the holding company in charge of the former Anglo Irish Bank and Irish Nationwide Building Society is in talks that could see it taking on distressed assets, particularly residential mortgages, from other Irish banks.

Mr Aynsley said the IBRC is “well ahead of target” in winding down both Anglo and INBS before 2020, but the final outcome will be market-driven.