Cabinet agrees bill to set up banking inquiry
THE Government has agreed a bill to pave the way for the long-awaited banking inquiry, but there is no indication of which Dail committee will carry out the investigation, writes Fiach Kelly.
Both the Dail Public Accounts Committee (PAC) and the Oireachtas Finance Committee are vying to take on the probe.
The Dail Committee on Procedure and Privileges, which is effectively controlled by the Government, will decide who carries out the investigation. The final bill will be published this week, but the inquiry is unlikely to begin until next year.
The Houses of the Oireachtas, Inquiries, Procedures and Privileges Bill will have to allow for a new type of inquiry since Dail committees must stay within the rules of the Supreme Court decision in the Abbeylara case.
Oireachtas committees cannot make adverse findings against individuals, and a referendum to beef up committees was rejected in 2011.