What will the easing of pay restrictions mean for Ireland’s banks?

The Retail Banking Review’s most notable recommendations

Listen | 46:27
Minister for Finance Paschal Donohoe briefing media on the report of the Retail Banking Review. Photograph: Dara Mac Dónaill
Minister for Finance Paschal Donohoe briefing media on the report of the Retail Banking Review. Photograph: Dara Mac Dónaill

After Minister for Finance Paschal Donohoe’s surprise move to ease restrictions on pay and bonuses in the banking sector, we look at what it might mean for the three domestic banks and their international competitors. Markets Correspondent, Joe Brennan, also takes us through the rest of the headline-grabbing details in the 220 page Retail Banking Review. Ciaran is also joined by the Irish Times’ Karlin Lillington to discuss the €265m fine handed down to Meta this week over its data protection breach. With fines now totalling over €900m, will it have made Mark Zuckerberg sit up and notice?