Honohan: Inquiry should be broad

A broad and effective banking inquiry will go a long way to restoring confidence in the financial regulatory system and in Irish public affairs in general, according to the governor of the Central Bank, Patrick Honohan.

Speaking at the launch of the Central Bank’s 2013 annual report, he said an effective study is required and should be broad in its scope of topics and dates, rather than being narrowed to “a small period of time” surrounding the bank guarantee scheme.

Reacting to criticisms aimed at the regulator system by Judge Martin Nolan in the Anglo trial, he said all of the actions related to a “regulator of the past”.