Irish Examiner view: A back door to banker bonuses

Minister facilitated policy bypass

Paschal Donohoe, Minister for Finance, has facilitated the circumvention of a strict government policy put in place for good reason.

The purchase by AIB of stockbrokers Goodbody raises the issue of whether caps on bankers’ bonuses should be extended to other financial sectors.

As it stands, a number of AIB staff who transfer to Goodbody will not be subject to pay policies put in place in the banking sector in the wake of the financial crisis.