Oireachtas Banking Inquiry agrees membership of advisory group

09/07/2014

The Committee, which has been tasked with preparing a detailed proposal for the banking inquiry, agreed membership of the ad-hoc advisory group at its meeting today, Wednesday, 9th July, 2014.

The ad hoc support group comprises specialists from the public and private sectors with knowledge and expertise in relation to the banking sector to provide expert knowledge and input to the Committee in developing a relevant proposal for the inquiry for submission to the CPPs of both Houses by the Committee’s agreed target date of 17th September 2014.

The members of ad-hoc advisory group are:

1. Pat Casey, Principal Officer (Department of Finance)
2. Paul Gorecki, Adjunct Professor of Economics, Trinity College Dublin (Research Affiliate ESRI)
3. Megan Greene, Maverick Intelligence
4. Cathal Guiomard, Economist, former Aviation Commissioner for Ireland.
5. Conor McCabe, Research fellow, UCD School of Social Justice
6. Colm McCarthy, Economist
7. Seamus McCarthy, Comptroller and Auditor General
8. Rafique Mottiar, Consultant Economist (Central Bank)
9. John Shaw, Assistant Secretary (Department of the Taoiseach)

Committee Chairman Ciarán Lynch TD said: “We are delighted to have the services of the ad-hoc support group of specialists and would like to thank them for agreeing to provide their knowledge and input to the Committee in developing our proposal. All of the independent experts are working for the Committee on a pro-bono basis. The group had its first meeting yesterday when members were briefed on the work of the Committee and the legal and procedural framework for the inquiry. There was also a preliminary discussion on the potential scope of the inquiry. The group will meet again on Friday 11th July, Friday, 18th July and Tuesday 22nd July and an interim report will be given to the Committee at its meeting on Wednesday 23rd July in order that a relevant proposal for the inquiry will be ready for submission to the CPPs of both Houses by the Committee’s agreed target date of 17th September 2014.

The Committee also examined potential costs and administrative and logistical issues in relation to the inquiry.

Deputy Lynch said: “A key issue for members is that expenditure related to the inquiry should be kept to a minimum and that the operation of the inquiry should at all times be cost effective, efficient and reasonable and the Committee will keep estimates of costs under continued review.”

All media enquiries in relation to the Oireachtas Banking Inquiry should be addressed to:

Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2

P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551

Committee Membership

Deputies

Ciarán Lynch (Chairman)
Pearse Doherty
Joe Higgins
Michael McGrath
Eoghan Murphy
Kieran O’Donnell
John Paul Phelan

Senators

Sean D Barrett
Michael D’Arcy
Marc MacSharry
Susan O’Keeffe