Bank of Ireland links bankers' pay cap to departure of CFO O'Grady

Myles O'Grady will remain in his position until his expected exit in March 2022, the bank said.

Bank of Ireland has blamed Government--imposed curbs on bankers' pay and bonuses for the announcement that chief financial officer Myles O'Grady would leave the bank for a role outside the financial sector.

Ireland capped executive pay at €500,000 a year during the banking bailout more than a decade ago.