Banking inquiry best way to establish 'full truth'

Wednesday 14 May 2014 15.41

The proposed banking inquiry will have nine members and as expected will be chaired by Labour TD Ciarán Lynch.

The other members are Sinn Féin's Pearse Doherty, Fine Gael's Eoghan Murphy, Kieran O'Donnell and John Paul Phelan.

Michael McGrath will represent Fianna Fáil and independent TD Stephen Donnelly will also serve.

The Seanad will also nominate two members; one from Government and one from the Opposition.

The quorum for the committee will be five, including at least one member from the Seanad.

This means that at least five members will have to be present for the duration of all meetings of the committee.

The initial task of the joint committee will be to scope out its remit and undertake preparatory work and make a report to the Committee on Procedure and Privileges.

The motion establishing the committee will be debated in the Dáil this afternoon.

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