Government wins vote limiting terms of IBRC inquiry

The Government has comfortably won the first Dáil vote establishing the IBRC inquiry.

In the past few minutes, TDs voted down a Sinn Féin amendment calling for wider terms of reference by 103 votes to 32.

Finance Minister Michael Noonan confirmed that the inquiry will be chaired by retired High Court judge Daniel O'Keefe, the current chair of the Standards in Public Office Commission.

"Judge O'Keefe has a strong commercial background, he's a qualified chartered accountant, and he's also a former chairman of the Irish Takeover Panel," said Minister Noonan.

"I would like to express my appreciation to Judge O'Keefe for agreeing to serve in this important role."

Minister Noonan earlier assured the Dáil that

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Deputy Doherty claimed today that “there's other accusations that are floating about” regarding IBRC's dealings with major borrowers, which he may release in future.

But the Donegal South-West TD says he will not release details flippantly, and will only do so to point out the areas that any inquiry will not be able to consider.

Deputy Doherty says he will be careful not to use his Dáil privilege without good reason.