Bank inquiry failings

If we know one thing about statutory inquiries in this country, it is that they do not go according to plan.

Bank inquiry failings

Invariably there are over-runs in time and cost and the “unexpected” legal challenge is now a time-honoured trait.

So the decision to delay the banking inquiry to the fourth year of a five-year government term, when it was a central plank of the programme for government at the outset, is questionable to say the least.

It looks like the thinking behind the late start was that the findings — which were never going to be kind to Fianna Fáil — would come out just in time for the general election.

But regardless of whether the decision was driven by cynical strategy or naive optimism, there’s now a strong possibility that the findings may never be finalised at all, or that they’ll be a rush job simply to meet a deadline.

In the programme for government, the Coalition promised: “We will ensure that the investigations into failures in the banking system are adequately resourced.” And they were — with everything but common sense.

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