Bank inquiry won’t be a ‘Reeling In The Years’ type of probe

The Oireachtas banking inquiry is expected to be informed of the optimum timeline and areas for investigation by a special team of advisers before the end of this month.

TDs and senators yesterday agreed on the nine-member team of advisers who will play a crucial role facilitating the inquiry into the financial crisis and banking guarantee.

But committee chairman Ciarán Lynch also warned that it would “not be a ‘Reeling in the Years’ type of inquiry” — but will be more fine-tuned and exacting.