Friday 24 November 2017

Nyberg not first to be drafted in from Finland

Michael Brennan

Michael Brennan

PETER Nyberg is not the first Finnish person to be drafted in to resolve a tricky Irish problem.

Ten years ago, former Finnish president Martti Ahtisaari carried out inspections of IRA weapons dumps as part of the peace process in the North.

Mr Nyberg was appointed earlier this year by the Government to head the Banking Commission of Investigation, which is supposed to identify the "systemic" causes of the banking crisis.

His particular focus will be on the activities of the six banks covered by the banking guarantee, from January 2003 until January 2009. He will also be looking at the events behind the granting of the State banking guarantee.

He will be paid €1,000-per-day for his work, as well as a €4,000 allowance for travel and accommodation expenses.

His most high-profile job was as deputy director general for financial services in Finland's ministry for finance from 1998 until this year.

His CV also includes a six-year stint as an adviser to the board of the Bank of Finland.

It was the bank where he began his career, working as an economist in different departments there from 1972 to 1982. For the following three years, he worked as an senior economist with the European department of the International Monetary Fund.

Finance Minister Brian Lenihan has said that Mr Nyberg "has all the necessary experience to undertake this important role".

Irish Independent

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