Friday 30 September 2016

Banking Inquiry nears end as Cabinet struggle with IBRC

Published 02/12/2015 | 02:30

Labour Senator Susan O'Keeffe
Labour Senator Susan O'Keeffe

Members of the banking inquiry are in a race against time to complete the executive summary of their report.

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Another draft of the final report will be presented to the seven TDs and four senators this morning and they will have until 6pm to table amendments.

Sources told the Irish Independent that the last stumbling block will be the executive summary "which is what will be read by most people".

It is understood that it is the last segment of the document to be compiled by Fine Gael TD Eoghan Murphy and Labour senator Susan O'Keeffe.

"That remains the greatest challenge because the findings and recommendations will flow from that," said a source.

Speaking to reporters yesterday Fianna Fáil Michael McGrath said the work was "inching forward".

"It is a painstaking process going through a draft report line-by-line."

Meanwhile, Taoiseach Enda Kenny is to write to Opposition leaders later this week ahead of making any decision on how to salvage the Commission of Investigation into IBRC.

The Cabinet discussed several solutions yesterday, including emergency legislation to overcome issues such as confidentiality, with a spokesperson saying the "solution is not simple".

Irish Independent

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