Banking inquiry should learn lessons from Britain

Banking inquiry should learn lessons from Britain

Westminster MPs set politics aside when conducting their inquiry

The UK Parliamentary Commission on Banking Standards reported in June 2013. As in Ireland, parliamentary inquiries into specific areas of British public policy are rare. The UK banking inquiry was the first such parliamentary probe since the 1913 Marconi inquiry into allegations of insider trading by members of the British cabinet.

Those allegations centred on the Marconi radio company. It is curious how often telecommunications companies across the globe are historically the centre of political scandal.

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