International experts define parameters of banks probe

THE two international experts appointed to carry out one of the preliminary inquiries into the banking crisis will hold talks next week with officials of the Central Bank, the Financial Regulator and some of the country’s research institutions as their probe into the banking collapse gets under way.

They will identify institutions, including banks, where appropriate in their report, but will not identify individuals, they said.

Klaus Regling and Max Watson who worked together previously at the European Commission, met the Committee in Dáil Eireann yesterday afternoon when they outlined their aims for the inquiry and responded to a series of questions and submissions from members of the panel, including the three main opposition party spokesmen on finance, Richard Bruton, Fine Gael, Joan Burton of the Labour Party and Arthur Morgan of Sinn Féin.