Politics

Thursday 24 July 2014

Public sector staff for banking inquiry

Thomas Molloy

Published 10/07/2014|02:30

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Colm McCarthy
Colm McCarthy

THE Oireachtas banking inquiry has selected six public sector employees to give advice ahead of the inquiry along with 'Sunday Independent' columnist and economist Colm McCarthy.

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Officials from the Department of Finance, the Department of the Taoiseach and the Central Bank are among those who will advise the committee. They will be joined by academics from Trinity College and UCD as well as the Comptroller and Auditor General Seamus McCarthy.

The advisers were nominated by state agencies. The Department of the Taoiseach and Department of Finance nominated two officials each while the Central Bank and the Economic and Social Research Institute nominated one candidate each.

The committee members will help to decide what should be examined when it comes to the banking crash which forced a €64bn bailout of the country's banks. Their deliberations will help the committee to agree a framework for the controversial probe by the autumn.

Previous reports into the financial crisis have placed some of the blame for the economic collapse at the feet of organisations which have nominated the unpaid voluntary advisers.

The only woman among the advisers is London-based Megan Greene who once worked for economics consultancy Roubini Global Economics and now writes columns for Bloomberg News.

Irish Independent

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