Tuesday 20 February 2018

Nyberg sceptical about bank probe

Ailish O'Hora

Ailish O'Hora

THE author of a key report into Ireland's banking crisis has said he is doubtful that an Oireachtas inquiry into the collapse of the financial sector would unearth any new information.

Peter Nyberg, who produced his government-commissioned report in 2011, also said he had read transcripts of the Anglo tapes, exposed by the Irish Independent, the 'Sunday Independent' and Independent.ie earlier this year.

Mr Nyberg, a former Finnish finance ministry director general, told RTE Radio 1's 'This Week': "I would be pretty surprised if the parliamentary inquiry would uncover something new."

And he added that his report into the crisis, which will cost taxpayers over €60bn, contained detailed information because he guaranteed anonymity to those who assisted him.

Yesterday, Mr Nyberg also warned that a repeat of the European-wide economic crisis was possible.

"To be perfectly frank, I think the lessons of the last crisis have not been learned," he said.

Irish Independent

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