Banking Inquiry to hear evidence on credit policies at Anglo

The Banking Inquiry will hear evidence from further witnesses relating to Anglo Irish Bank as well as Irish Life and Permanent and Permanent TSB today.

Former Anglo personnel Peter Fitzgerald, Gerry McGann and Matt Moran will be asked about credit policies, assessment of loan security and valuing property assets.

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UPDATE (10.47am): The inquiry has been told that any discussion of the so-called 'Anglo Tapes' are off-limits. Chairman Ciaran Lynch cut off Fine Gael senator Michael D'Arcy when he tried to raise the tapes, saying any discussion could have a detrimental impact on possible criminal trials.

They will also be asked to explain the oversight of the prevailing risk culture, appropriateness of the bank guarantee and whether alternatives were examined.

While former ILP and Permanent TSB group CEO David Went will be asked about a range of issues, including the nature and appropriateness of relationships between Government, the Oireachtas, the banking sector and the property sector.