Former regulator Neary to attend bank inquiry

Former financial regulator Patrick Neary, who, days after the bank guarantee, defended a lack of oversight in the sector and claimed the public’s money was “safe”, has been directed to attend a key banking inquiry grilling in May.

The now retired official was informed of the legally binding move last night.

Details revealed by the cross-party inquiry show Mr Neary has been ordered to the meetings alongside 15 other individuals.