Enda Kenny (Mayo, Fine Gael)

Last week saw the publication of the two preliminary reports into banking by Professor Patrick Honohan and by Mr. Klaus Regling and Mr. Max Watson. Both of these preliminary reports were always intended simply to point the way to a more detailed commission of investigation into what happened. Given the central findings of the reports that the decisions made by the Minister for Finance were a central feature leading to the crisis, why is it that the draft terms of reference for the commission of inquiry merely relate to the failures of bank managers, directors, auditors and regulators, and do not include the policy decisions of the Government? Why are those policy decisions excluded from the draft terms of reference for the commission of inquiry?

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