By Elaine Loughlin, political reporter
Taoiseach Enda Kenny does not accept comments that the banking enquiry was worse than useless but admitted it was “limited and constrained".
However, he said that he would consider the possibility of holding a second referendum to give more powers Oireachtas inquiries in future.
Professor Bill Black - a professor in economics and law at the University of Missouri - who was one of the first witnesses before the inquiry, this morning described the report as "worse than useless".
Mr Kenny said he did not accepts the criticism but said: “I do accept that it was limited and constrained in what the members could do, and they did a great deal of work on it.
“I think I would like to reflect again on the question as to whether we should decide whether the Oireachtas and future members of the Oireachtas would be able to do an inquiry like this to the extent that would be warranted and whether it should be considered if whether we should have a future referendum again on that matter.
“So that if inquiries of this nature a ever to be carried out again, and we hope that they wouldn't, whoever serves on them from the Oireachtas would actually have the constitutional and legal authority to carry out full and investigative inquiries.
“They have Ben able to had the referendum been carried, so I think that's an issue I will reflect on.”
Mr Kenny would not respond to questions on the calls for Michael Noonan to step down in light of the banking inquiry report.