The Irish Institute of Credit Management News Details

Government is willing to establish a public inquiry to the banking crisis. The government last night gave its first firm indication that it is willing to establish a public inquiry into the circumstances that led to the banking crisis. A short statement issued after yesterday's cabinet meeting referred to the "obvious need" to learn lessons from the events that led to current problems. The statement said: "The Minister for Finance will bring forward a framework to next week's government meeting .to address these issues." The reference in the statement is being taken as a strong signal that the cabinet is now considering an early inquiry. - Irish Times