Dáil committee sharply critical of move to restore bankers' bonuses

In November, then finance minister Paschal Donohoe moved to allow banks to pay bonuses of up to €20,000 to staff, reversing policy in place since financial crash

Mr Donohoe defended the move in the Dáil, arguing that Ireland now has a banking sector 'with a fundamentally different regulatory environment to what we had in the years that led to the financial crisis and banking crisis'. Picture: Gareth Chaney/ Collins

Bankers' bonuses should not be reinstated, an all-party Oireachtas committee has said.

Then-finance minister Paschal Donohoe in November paved the way for banks to now be able to pay bonuses of up to €20,000 to staff, reversing a policy in place since the financial crash.