Dáil debate today on Banking Inquiry report

Dáil debate today on Banking Inquiry report

The Banking Inquiry report will be debated in the Dáil today.

Ninety minutes has been set aside to discuss the document, which found fault with the Financial Regulator and the ECB, and also found that the so-called "soft landing" theory had never been subjected to any scrutiny.

Economist at Trinity College Dublin, Professor Brian Lucey said the report showed the feeble ability of the Irish State to get to the bottom of anything.

He added it would not make anyone in the ECB quake in their boots.

"In some ways we're no further on. Nobody has had to answer before the courts (and) nobody has had to hang their heads in shame," he said.

"The banks are (now) less robust, and are less able to take chances. The banks are very dependent, as is the rest of the economy, on a reasonably benign external environment."

Read: Banking Inquiry: Main findings and recommendations

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