Irish bank valuations are being weighed down by the perception of tight regulations around remuneration policy, according to analysts at Barclays. A senior source at Bank of Ireland also said they believed the perception of increased intervention was weighing on the share price. The recruitment source believed being able to avail of variable pay was only one reason why bank staff might be tempted to enter other sectors. The source added staff could generally move and potentially earn up to 50pc more in new roles. Bank of Ireland said restrictions prevent Irish banks from competing for talent on a level footing.

Source: Irish Independent October 03, 2021 01:30 UTC