Key bank guarantee players to be grilled in public

The public grilling of key players involved in the fateful bank guarantee that resulted in costs of €64bn to the Irish people will get underway by October.

A lack of documentation or written evidence on the September 2008 decision will mean that a nine-person Oireachtas committee looking into the issue will have to rely on the accounts of politicians, bankers, civil servants and regulators involved.

Former Fianna Fáil leaders, Brian Cowen and Bertie Ahern have already indicated their willingness to give evidence.