Business Irish

Saturday 7 December 2019

Economists Colm McCarthy and Megan Greene to advise banking inquiry

Economist Colm Mc Carthy at the launch of his report on the future of the private health market commissioned by Aviva Health Insurance.

Ailish O'Hora

THE Committee that will agree the terms of the Oireachtas banking inquiry will be advised by a number of economists, including Colm McCarthy and Megan Greene.

The inquiry will focus on the collapse of the industry which resulted in €60bn being pumped into financial institutions.

Ms Greene is a former Director of European Economics at Roubini Global Economics and now an economist at Maverick Intelligence.

Other advisers, who are working on a pro bono basis, are Pat Casey, Principal Officer at the Department of Finance and Paul Gorecki who is Adjunct Professor of Economics at Trinity College Dublin and is also a research affiliate at the ESRI.

They will be joined by Conor McCabe, a research fellow at UCD School of Social Justice and and Seamus McCarthy, Comptroller and Auditor General and Rafique Mottiar,, a consultant economist at the Central Bank.

John Shaw, Assistant Secretary at Department of the Taoiseach, will also advise as will economist Cathal Guiomard.

It is understood they will provide a steer to the committee of seven TDs and four senators but final decisions will taken by the politicians.

And once the inquiry is up and running they will no longer be able to give any advice.

Public hearings are scheduled to take place early next year while it is set to end in November 2015.

"We are delighted to have the services of the ad-hoc support group of specialists and would like to thank them for agreeing to provide their knowledge and input to the Committee in developing our proposal,” said Ciaran Lynch, TD and chairman of the committee.

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