Oireachtas Banking Inquiry to meet Brian Goggin as part of public hearings

29/04/2015

The Oireachtas Banking Inquiry will continue its Nexus Phase public hearings tomorrow, Thursday, 30th April when it will hear from former Bank of Ireland Group Chief Executive Brian Goggin.

During the Nexus Phase the Committee is engaging with institutions and individuals who had roles relating to the crisis. It is focusing on three broad elements — Banking Systems & Practices; Regulatory and Supervisory Systems & Practices; and Crisis Management Systems and Policy Responses — and how these three elements interacted with each other.

Chairman Ciaran Lynch TD said: “Among the issues that the Committee will raise with Mr Goggin are: the quality of the business model setting process; the appropriateness of property related lending, strategies and risk appetite; appropriateness of credit policies, delegated authorities and exception management; adequacy of the incentive and remuneration arrangements to promote sound risk governance; the liquidity versus solvency of the banks debate and the appropriateness of the bank guarantee decision.”

Nexus Phase hearings will run until the middle of September with a total of 64 public hearings planned. It is envisaged that at least 60 witnesses will be called to the public hearings.

Deputy Lynch said: “This phase of our hearings includes a move by the Committee to compelling witnesses and statements and the use of evidence. Under the witness management protocol, there will be a structured witness engagement with a seven week lead-in between the notification and the public hearing. The protocol includes timescales, evidence books and technical briefings.”

The meeting with Mr Goggin will start in Committee Room 1, Leinster House at the earlier time of 9am.

Further information on the Oireachtas Banking Inquiry can be accessed on this  website.

Full committee proceedings will be webcast live on the Banking Inquiry website. Oireachtas TV will broadcast proceedings from 9.30am-10.30am and from 11.15am-1pm.

Committee proceedings can also be viewed on the move, through the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.

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

All general enquiries should be directed to the Committee Secretariat.

e. contactbankinquiry@oireachtas.ie
t. +353 1 618 3651

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