Political focus in IBRC inquiry

The widening of a full inquiry into transactions at IBRC will include a partial examination of the political oversight of the bust bank as well as a review of its internal governance. Up to €4m will be set aside for the commission of investigation which will focus on deals and activities at the IBRC over a four-year period.

However, by last night there was still no judge chosen to lead it. It remains unclear if the inquiry will have the flexibility to produce an interim report before its end-of-year deadline.

The inquiry will examine decisions, transactions and activities entered into by the IBRC between January 21, 2009 and February 7, 2013.