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.


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