Ireland: remuneration policies and practices in Irish retail banks and building societies

The Central Bank has published the results of its review of the remuneration policies and practices in Irish retail banks and building societies: see here. Further information is available in the Central Bank's "Dear CEO letter" available here (pdf). The review found, amongst other things, that the governance and oversight of remuneration practices was poor and there was little evidence that banks had made a link between incentive structures and their risk appetite.