FG attacks banking probe terms

REVISED terms of reference for the banking inquiry still do not go far enough as they do not allow for an investigation of government decisions, Fine Gael has said.

The Government confirmed last night it would extend the cut-off point for the inquiry from September 29, 2008 – the night the bank guarantee was put in place – to January 15, 2009.

This means the commission of investigation can examine how the banks handled issues right up to and including the nationalisation of Anglo in January 2009.