Saturday 10 December 2016

Final Banking Inquiry report signed off by majority of committee

Published 31/12/2015 | 15:23

Banking Inquiry chairman Ciaran Lynch
Banking Inquiry chairman Ciaran Lynch

THE Banking Inquiry’s final report has been signed off on by the majority of the committee’s members clearing the way for a general election in the last week of February.

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The inquiry members met today to discuss submissions from witnesses who gave evidence at hearings earlier on the year.

Over the course of almost five hours, the members discussed more than 30 submissions to the report. 

There was concern that if serious issues were raised by witnesses the inquiry could collapse.

However, with the agreement of most members, the committee now looks set to meet its January 28 publication deadline.

Once the report is published it clears the way for Taoiseach Enda Kenny to call the General Election in late February.

The Banking Inquiry has been embroiled in controversy in recent months and it was feared on a number occasions that the final report would not be completed before the general election.

The first draft of the report was thrown out by committee members and a team lead by Fine Gael TD Eoghan Murphy and Labour Senator Susan O’Keeffe drafted a new version.

This version was sent to witnesses to allow a right of reply.

In a statement, Committee Chairman Ciaran Lynch said: “As required under legislation, a number of individuals and institutions were sent copies of the report and were entitled to respond to sections relating to them. We have now completed this part of the process of reviewing the responses and submissions received and have agreed and signed off on our final report.

 “As the first committee to carry out its work under new legislation, we were entrusted to examine one of the major events in the history of this State, a crisis which has impacted on every household in Ireland.

He said agreement on the final report “reflects the positive and constructive approach” members adopted throughout the process.

“I’d like to take this opportunity to thank the Committee members for their hard work and commitment throughout the inquiry and in agreeing and signing off on a final report,” he added.

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