IBF Statement on Remuneration in Banking
The Irish Banking Federation (IBF) notes the publication of the government-appointed Covered Institutions Remuneration Oversight Committee (CIROC) and accompanying Government statement. IBF fully recognises the changed reality for the economy and financial services marketplace, both locally and internationally, and the need to reflect this reality in setting appropriate levels of remuneration for Chief Executives and non-executive directors in covered institutions. Indeed, the report acknowledges that current remuneration levels have already moved significantly in this regard.
Note to Journalists
The Irish Banking Federation (IBF) is the leading representative body for the banking and financial services sector in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.
Further Information: Felix O’Regan, Head of PR and Public Affairs, IBF, tel. 6715311, 087 6481644