Professor Karl Whelan and FTI to provide expert support to Oireachtas Banking Inquiry Committee

13/11/2014

Professor Karl Whelan in conjunction with business advisory group FTI Consulting has been selected to provide expert support to the Oireachtas Banking Inquiry Committee for the context phase of the inquiry.

Chairman Ciaran Lynch TD: “We are delighted to have the services of FTI in association with UCD Professor of Economics Karl Whelan and we look forward to working with them as they provide professional knowledge and expertise to the Committee in the context phase of the inquiry which will frame the broad context for the inquiry and prepare the ground for further public hearings later in 2015.”

The Context Phase will consist of technical briefings for the Committee in areas such as bank lending and liquidity management, mortgage exposures, and the nature, cost and scope of the guarantee decision. There will be public hearings with relevant witnesses for the purpose of information-gathering to inform the Nexus Phase of the Inquiry which will focus on three broad elements:

•    Banking Systems & Practices,
•    Regulatory and Supervisory Systems & Practices, and
•    Crisis management systems and policy responses.

Background on Professor Karl Whelan and FTI

An open tendering process was conducted to procure the necessary expert support for the Context Phase. FTI in association with Professor Karl Whelan have been selected to provide expert support to the Oireachtas Banking Inquiry Committee for the context phase of the inquiry.

Karl Whelan is professor of Economics at University College Dublin. Before joining UCD, he worked as an economist at the Central Bank of Ireland and before that the Federal Reserve Board. His CV can be accessed here: http://www.karlwhelan.com/cv_web.pdf

FTI is a global business advisory firm with an office in Dublin offering a full range of strategic communications services — capital markets and corporate governance, financial and public affairs, consumer, digital and brand communications. The company’s website can be accessed here: http://www.fticonsulting.com/global2/global-reach/regions/ireland.aspx

For more information on the Committee, click here.

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