Developers threaten banking inquiry with legal action

The banking inquiry is facing a fresh legal challenge from developers in the coming days which could lead to its collapse unless key changes are made to its long-awaited final report.

The cross-party group will hold an emergency meeting this afternoon to discuss the latest hurdle in its way, after developers Johnny Ronan and Michael O’Flynn both issued fresh threats of legal action against it.

Under the existing timeline, the inquiry has until January 28 to be published.