Lynch plays down concerns over banking inquiry

The chairman of the long-awaited banking inquiry has played down concerns that it may not complete its work in the lifetime of this Dáil, but accepted that it will face "significant challenges".

Labour TD Ciarán Lynch has pledged that the inquiry will report by November 2015, which is well in advance of when he believes the next election will be held in the following spring.

The Dáil last night passed a motion which will allow the inquiry to officially get under way.