Three key issues to clarify IBRC affair

While complicated, the independent commission of investigation examining concerns over bad bank IBRC effectively involves three points: interest rates; ‘unusual’ share trading; and business deals that left the State tens of millions of euro out of pocket.

The inquiry goes further than the now scrapped KPMG review — which had been dogged by claims of conflicts of interest — and will, says Finance Minister Michael Noonan , uncover what, if any, issues exist.

The points may be added to by opposition parties when the Dáil returns next week, and potentially by an as yet unnamed retired High Court judge overseeing the investigation.