The Oireachtas Committee, which has been tasked with preparing a detailed proposal for the banking inquiry, has today drawn together a scoping document which sets out the broad purposes, scope and timeframe of the inquiry.

The committee has also agreed to the establishment of an ad hoc support group of specialists from the public and private sectors with knowledge and expertise in relation to the banking sector. All of the independent experts will work for the committee on a pro-bono basis.

The role of the support group is to provide expert knowledge and input to the committee in developing a relevant proposal for the inquiry for submission by the Committee’s agreed target date of September 17th 2014.

Chairman of the committee, Ciaran Lynch, said that the inquiry “ will assist in identifying the specific matters, key events or main questions to be inquired into, along with the relevant dates and relevant persons involved. This will also give direction to the categories of documents and written evidence which will be required to be compelled”.