Public Accounts Committee agrees in principle to conduct banking inquiry

The Public Accounts Committee has agreed in principle to conduct an inquiry to establish the facts behind the financial market collapse although it will not be to make findings.

1st December, 2011

The Public Accounts Committee has agreed in principle to conduct an inquiry to establish the facts behind the financial market collapse although it will not be to make findings.

The committee sought legal advice and established that it has the power to carry out an investigation into the financial market collapse and can examine and report on the actions of specified public bodies such as the Financial Regulator, the Central Bank and the Department of...

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