By way of update on the Banking Inquiry, the "Context
Phase" of the Inquiry is complete (read our
Context Phase article from December 2014), and the Inquiry is
currently in its "Nexus Phase". The Context Phase
established the broad context of the Inquiry and set out the
background to the banking crisis by way of technical
briefings.
The Nexus Phase is focused on questioning key witnesses on the
main issues identified in the terms of reference and the Context
Phase, and runs until September 2015. The Inquiry Committee intends
to present its final report in November 2015.
Notably, the Banking Inquiry has the power to compel the
attendance of witnesses during this phase. Significant figures
called to give evidence include key figures from the National Asset
Management Agency and major banks and accounting practices.
The former President of the European Central Bank, Jean-Claude
Trichet, recently spoke at a conference organised by the Institute
of International and European Affairs. This conference served as a
stand-in for members of the Oireachtas Banking Inquiry to engage
with Mr Trichet about any role the ECB played in the Irish
financial crisis. In addition, it has recently been reported
that Taoiseach Enda Kenny and former Taoiseach Bertie Ahern will
appear before the Inquiry.
We will keep you updated as the Banking Inquiry progresses.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
