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Impoverished banksters flee cruel Ireland


Iphonista

Well-known member
Joined
Jun 6, 2012
Messages
4,200
Reach for the violin, folks. Apparently, Ireland is no longer a nice place for banks and bankers. Michael Somers of AIB is decrying the regulatory regime that he claims is forcing banks out of the IFSC. He's also complaining that he can't good people for the Chief Financial Officer role due to the cap on executive pay.

Cheer up, Mickey. Get on to FÁS and find some young lad with a FETAC Level 5 in Accountancy. He'd do a far better job than you and your ilk have done.

Banks pulling out of IFSC over "heavy regulation" - RTÉ News
 

niall78

Well-known member
Joined
Sep 10, 2010
Messages
11,285
My heart is bleeding. Here's a song just for Michael Somers :

[video=youtube;2Gn9A-kdsRo]http://www.youtube.com/watch?v=2Gn9A-kdsRo[/video]

It's a pity him and his ilk aren't fleeing at the end of a bayonet.
 

GDPR

1
Joined
Jul 5, 2008
Messages
224,093
Reach for the violin, folks. Apparently, Ireland is no longer a nice place for banks and bankers. Michael Somers of AIB is decrying the regulatory regime that he claims is forcing banks out of the IFSC. He's also complaining that he can't good people for the Chief Financial Officer role due to the cap on executive pay.

Cheer up, Mickey. Get on to FÁS and find some young lad with a FETAC Level 5 in Accountancy. He'd do a far better job than you and you ilk have done.

Banks pulling out of IFSC over 'heavy regulation' - RTÉ News
It's the "other side of the coin" argument, so distained by the black and whites on sites like P.ie, but always worth looking at on all issues.
 

Sync

Well-known member
Joined
Aug 27, 2009
Messages
28,845
My heart is bleeding. Here's a song just for Michael Somers :

[video=youtube;2Gn9A-kdsRo]http://www.youtube.com/watch?v=2Gn9A-kdsRo[/video]

It's a pity him and his ilk aren't fleeing at the end of a bayonet.
Specifically what issue do you have with Michael Somers? Which part of his management of the ntma do you think he handled poorly?
 

Iphonista

Well-known member
Joined
Jun 6, 2012
Messages
4,200
It's the "other side of the coin" argument, so distained by the black and whites on sites like P.ie, but always worth looking at on all issues.
The pr--k had his sad a-s saved by the people of Ireland and he's still whinging??
 

Sister Mercedes

Well-known member
Joined
Dec 19, 2011
Messages
20,663
Reach for the violin, folks. Apparently, Ireland is no longer a nice place for banks and bankers. Michael Somers of AIB is decrying the regulatory regime that he claims is forcing banks out of the IFSC. He's also complaining that he can't good people for the Chief Financial Officer role due to the cap on executive pay.

Cheer up, Mickey. Get on to FÁS and find some young lad with a FETAC Level 5 in Accountancy. He'd do a far better job than you and your ilk have done.

Banks pulling out of IFSC over "heavy regulation" - RTÉ News
You mean major international employers leaving Ireland because of excessive regulation.

I've spoken to several people who work in the IFSC over the past year who've told me that the Regulator and Central Bank are increasingly difficult to deal with. After years of light regulation, they've now swung too far the other way and over-compensating for past mistakes with clumsy, heavy-handed enforcement. And many of the banks are now walking.

In addition, after the financial collapse and sovereign debt downgrade in Ireland, it's no longer a badge of honor to say that your fund administrator or custodian is based in Ireland and regulated by the Irish Central Bank.
 

Analyzer

Well-known member
Joined
Feb 14, 2011
Messages
46,201
Reach for the violin, folks. Apparently, Ireland is no longer a nice place for banks and bankers. Michael Somers of AIB is decrying the regulatory regime that he claims is forcing banks out of the IFSC. He's also complaining that he can't good people for the Chief Financial Officer role due to the cap on executive pay.
Poor Seanie Fitz...as well.

Seanie is a banker who likes to wear the Green jersey, and show up at superficial patriot events.
 

Crazy horse 6

Well-known member
Joined
Dec 15, 2011
Messages
13,515
The sense of entitlement from these scrongers is breathtaking. Good riddence you disgusting crooks.
 

Sync

Well-known member
Joined
Aug 27, 2009
Messages
28,845
No he didn't, he wasn't involved with the banks at the time at all.
I'm guessing he doesn't know who Somers actually is. He's just talking.
 

drummed

Well-known member
Joined
Oct 22, 2010
Messages
37,438
Good riddance. Sure we don't need any of these foreigners investing here or creating employment at all. We were doing great on our own with the spuds and rain till they came along:mad:
 

niall78

Well-known member
Joined
Sep 10, 2010
Messages
11,285
Specifically what issue do you have with Michael Somers? Which part of his management of the ntma do you think he handled poorly?
The main reason for setting up the NTMA was to stop the haemorrhage of staff from Department of Finance which managed government securities. By setting up the NTMA, Michael Somers was able to pay himself and his staff multiples of their Civil Service salaries to match what was on offer in the private sector.

He's just another ex-quango head on a massive salary. He and his staff should have been re-incorporated back into the Department of Finance and the salaries reduced in line with normal CS/PS wages.

Instead we have him crying his red little eyes out about the nasty salary cap after his flip from gamekeeper to poacher. His tale of woe will reverberate with the Irish public I'm sure.
 

Analyzer

Well-known member
Joined
Feb 14, 2011
Messages
46,201
Is he trying to Drumm up support for somebody ?
 

99nsr125

Member
Joined
Aug 1, 2012
Messages
44
Reach for the violin, folks. Apparently, Ireland is no longer a nice place for banks and bankers. Michael Somers of AIB is decrying the regulatory regime that he claims is forcing banks out of the IFSC. He's also complaining that he can't good people for the Chief Financial Officer role due to the cap on executive pay.

Cheer up, Mickey. Get on to FÁS and find some young lad with a FETAC Level 5 in Accountancy. He'd do a far better job than you and your ilk have done.

I know from direct evidence that they're not moving because of excessive regulation.

They're moving to Poland et al because it's more profitable.
 

dresden8

Well-known member
Joined
Feb 5, 2009
Messages
14,937
Reach for the violin, folks. Apparently, Ireland is no longer a nice place for banks and bankers. Michael Somers of AIB is decrying the regulatory regime that he claims is forcing banks out of the IFSC. He's also complaining that he can't good people for the Chief Financial Officer role due to the cap on executive pay.

Cheer up, Mickey. Get on to FÁS and find some young lad with a FETAC Level 5 in Accountancy. He'd do a far better job than you and your ilk have done.

I know from direct evidence that they're not moving because of excessive regulation.

They're moving to Poland et al because it's more profitable.
Well that's Poland fncked so.
 

Sync

Well-known member
Joined
Aug 27, 2009
Messages
28,845
The main reason for setting up the NTMA was to stop the haemorrhage of staff from Department of Finance which managed government securities. By setting up the NTMA, Michael Somers was able to pay himself and his staff multiples of their Civil Service salaries to match what was on offer in the private sector.

He's just another ex-quango head on a massive salary. He and his staff should have been re-incorporated back into the Department of Finance and the salaries reduced in line with normal CS/PS wages.

Instead we have him crying his red little eyes out about the nasty salary cap after his flip from gamekeeper to poacher. His tale of woe will reverberate with the Irish public I'm sure.
So nothing to do with his actual performance then? Just whining that an in demand guy of a team that actually performed got paid well?

AIB need to perform. I want them to perform so we stop having to frigging support them. A director in AIB is saying that they can't hire a CFO because of the wage cap, at a time when banking share prices and results are picking up internationally. What's your solution to that problem?
 

tigerben

Well-known member
Joined
Sep 21, 2010
Messages
4,621
When the banks were paying over the odds for CFO , they didn't get the cream of the crop either it seems or we wouldn't be we're we are!
 

Kevin Doyle

Well-known member
Joined
Jan 9, 2007
Messages
11,067
So nothing to do with his actual performance then? Just whining that an in demand guy of a team that actually performed got paid well?
Has Somers had alternative offers?
 
L

lochlannach

When the banks were paying over the odds for CFO , they didn't get the cream of the crop either it seems or we wouldn't be we're we are!
Exactly. You don't need to pay zillions to find good people. Someone who's free of the male ego and the Biggest Penis Obsession Syndrome will do.
 
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