Banking inquiry will not publish David Drumm's statement

The Banking Inquiry has suspended its plans to publish David Drumm's written statement, it's been confirmed.

The inquiry said it will continue with its schedule of hearings, and will hold further discussions with the DPP about publishing Mr Drumm's evidence.

The publication of Mr Drumm's written evidence to the inquiry was originally scheduled for yesterday, but was delayed after the DPP said it would be strongly against the move.

The Oireacthas group sought legal advice on the matter before today's decision not to publish the material.

Following that legal advice, and a meeting held in private session this morning, it has decided to suspend publication of the statement and liaise further with the DPP.

The group will now continue hearing from witnesses, including friend and advisor to former Taoiseach Brian Cowen, Fintan Drury, who is due before the inquiry today.