Minister Addresses Banking Sector Investigation

Following the agreement of the Government laid before the Oireachtas, the Minister for Finance, Mr. Michael Noonan, T.D., has published the report of the Commission of Investigation into the Banking Sector - Misjudging Risk: Causes of the Systemic Banking Crisis In Ireland.

The Minister stated: “I welcome the comprehensive report produced by the Commission of Investigation. It represents a thoughtful and multi-faceted analysis into the causes of the banking crisis in Ireland and bears careful and measured consideration by all concerned.”

The Minister added that the Government will reflect on the most appropriate approach for further consideration of the report by the Oireachtas. Following the statement the Minister will be making to the Dáil today, he intends to discuss this further with the opposition parties.

The Minister said he wished to thank the Sole Member of the Commission, Mr Peter Nyberg, and his team for their work in producing the report and commended the Commission on producing the report within the demanding six month timeframe set down by the Oireachtas.


Related Irish News Stories
Click here for the latest headlines.

20 October 2011
Ireland 'Making Progress' Under EU Bailout
It has been revealed that Ireland is 'on track' in terms of the savings and making repayments under the EU bailout scheme. The Government has successfully concluded its third successive quarterly programme review mission with the EU Commission, the ECB and the IMF.
15 December 2008
Banks Bailed Out
Around €10 billion is to be pumped into the Irish Republic's banking system by the Government in a bid to recapitalise all its listed banks. The money will be available to AIB, Anglo-Irish, Irish Nationwide, Irish Life & Permanent and Bank of Ireland, which owns the Bristol & West Bank.
29 November 2019
New National LGBTQ+ Inclusion Strategy Launched
A new National Inclusion Strategy for Ireland's LGBTQ+ communities has been launched by the Minister for Justice and Equality, Charlie Flanagan, and the Minister of State with special responsibility for Equality, Immigration and Integration, David Stanton.
26 May 2016
Commission Report Presents 'Inescapable Lessons' For An Garda Síochána - O Sullivan
The O'Higgins Commission Report presents "inescapable lessons" for An Garda Síochána, Garda Commissioner Nóirín O'Sullivan has said.
12 May 2016
Final Report On O'Higgins Commission Published
The final report of the Commission of Investigation on the O'Higgins Commission has been published by the Tánaiste and Minister for Justice and Equality, Frances Fitzgerald.