Sunday 11 December 2016

Vested interests mustn't shackle inquiry

Published 15/01/2010 | 05:00

AS the clamour for an inquiry into our banking system grows ever louder, it looks as if our Government are on the brink of caving in. But do not expect it to happen anytime soon though as all methods to delay and obstruct will be used in the coming months.

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It is up to those in opposition and the media to make sure that this inquiry is not delayed and examines a wide range of issues including the roll of the Central Bank, the Financial Regulator and The Department of Finance in our current woes.

On top of this, the executives and boards -- along with the auditing and accountancy departments, as well as the legal advisers and estate agencies offering property valuation advice to these banks -- should be held to account and investigated. The fact that a lot of the people that were involved in offering advice to the banks and Government have successfully tendered for contracts with NAMA fills me with dread, and I suspect it has something to do with the preference for NAMA to be up and running before any inquiry.

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