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Dáil
‹ Order of Business

Banking inquiry timetable

Summary

Arthur Spring asks when the banking inquiry will occur and its terms be discussed; the Taoiseach says preparatory work and proposed arrangements are well advanced.

One of the mortgage providers has decided it is appropriate to give 100% mortgages again. In light of the fact that there is a quagmire of mortgage distress in the country at present and people are still suffering from its effects, when will the banking inquiry take place and when will the terms and conditions be discussed in the House?

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Enda Kenny The Taoiseach Fine Gael

The Government triggered the opportunity to hold a banking inquiry. The Standing Orders had to be changed to allow that to happen. It is now a matter for the Committee on Procedure and Privileges to accept proposals from committees to conduct such an inquiry. That work is very well advanced and it is a matter for the Committee on Procedure and Privileges to make its decision on what it considers the best thing to do in this regard. However, work is well advanced on it. We can advise Deputy Spring of the progress made.

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