Honohan clashes with Dublin on bankers’ pay

honohan-patrick

Patrick Honohan, the new governor of the Central Bank of Ireland, on Wednesday publicly opposed the finance minister's view on bankers' pay, saying he believed attempts to limit regulation would stifle Ireland's financial sector.

Brian Lenihan, Ireland's finance minister, has sought to limit executives' salaries at €500,000 for banks in which the state was a stakeholder.

In his first interview since taking the helm, Honohan said such attempts were out of line with international thinking and impl

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