Jean-Claude Trichet could 'assist' Banking Inquiry

Written By Unknown on Kamis, 22 Januari 2015 | 22.40

Former president of the European Central Bank Jean-Claude Trichet has indicated that he could assist the Oireachtas Banking Inquiry in its work on the banking crisis.

The ECB had previously refused to send a representative to the inquiry, while Mr Trichet said he had been advised that it was not legally possible for him to appear before a national parliament's commission.

However he has now indicated that there were a number of other options available, which would allow him to add to the committee's work.

The development comes after Taoiseach Enda Kenny held meetings with Mr Trichet and current ECB President Mario Draghi.

One mooted scenario would see Mr Trichet meeting Irish MEPs in Brussels under the remit of the European Parliament, where he could answer questions relevant to the inquiry.

Mr Trichet could also be invited to Ireland by an "appropriate Irish institution or third party", where he would be able to answer questions on the matter.

The development was outlined by Mr Kenny in a letter to Committee chairman Ciaran Lynch, which has been made available publicly.

Mr Lynch thanked Mr Kenny for his assistance to the committee and described it as a positive step.

"We are still awaiting a response from the ECB to our own request to assist the inquiry," he said.

"Nevertheless, this is welcome as it indicates a positive progression from the ECB's previous position."


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