The Oireachtas Banking Inquiry today agreed the first tranche of witnesses for the Nexus Phase of the Inquiry.<\/p>\n
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The Nexus Phase, when the Committee will engage with institutions and individuals who had roles relating to the crisis, will focus on three broad elements \u2014 Banking Systems & Practices; Regulatory and Supervisory Systems & Practices; and Crisis management systems and policy responses \u2014 and how these three elements interacted with each other.<\/p>\n
Chairman Ciaran Lynch TD says: \u201cToday the Committee agreed and signed off on the first tranche of witnesses for the Nexus Phase of hearings which are scheduled to start in April. This tranche will comprise NAMA and the first of the banking witnesses, including Bank of Ireland, AIB (and EBS) and Ulster Bank (see link below).<\/p>\n
\u201cThe notification includes the name, role, line of inquiry and proposed date for the hearing. The hearings will begin with NAMA and then progress to the pillar banks and the witnesses will include those who held key roles at board and executive level.<\/p>\n
\u201cNexus Phase hearings will run from Wednesday 22nd April until the middle of September with a total of 64 public hearings planned. It is envisaged that at least 50 witnesses will be called to the public hearings.\u201d<\/p>\n
\u201cThis phase of our hearings will include a move 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.\u201d<\/p>\n