The outgoing governor of the Central Bank, Philip Lane, has written to Minister for Finance Paschal Donohoe warning that the government ban on bankers' bonuses represents a "current and future risk" to the stability of the banking sector.
The reason given was that critical staff at state-controlled banks are being poached by big tech companies and by relocating British banks.
Does this mean that top bankers could end up being paid more as a result of this intervention, or would it be politically impossible for the government to allow this?
Brendan Burgess of askaboutmoney.com and Paul Sweeney, chairman of TASC Economists' Network, joined us to discuss this.
Listen to the interview in full by pressing the play button on this page.
