Financial Regulator faces Dáil watchdog

THE Financial Regulator, Patrick Neary, will be forced to answer questions on whether Irish banks were involved in irresponsible lending leading to the current financial crisis when he meets a Dáil watchdog today.

He will also be asked to explain how the Government’s proposed €400 billion rescue package for banks will operate in practice, when he meets a group of politicians.

Mr Neary will also be forced to answer questions on whether Irish banks were involved in irresponsible lending leading to the current financial crisis.