MINISTER FOR Finance Michael Noonan yesterday received the final report of the commission of investigation into the banking crisis led by former Finnish civil servant Peter Nyberg.
Mr Nyberg had to complete his six-month investigation and submit a report by yesterday’s deadline following a direction last September by the former minister for finance Brian Lenihan.
The statutory commission was disbanded yesterday after the submission of the report, which runs to less than 150 pages.
The investigation report does not name individuals and does not examine various matters under investigation by the Garda and the Office of the Director of Corporate Enforcement at Anglo Irish Bank.
A spokeswoman for the Department of Finance confirmed the Minister received the report yesterday but declined to say when it would be published. The report would be forwarded to the Attorney General and the Government before a decision would be made on its publication.
Mr Nyberg was asked to investigate corporate governance and risk management at the Government-guaranteed financial institutions from January 1st, 2003, until January 15th, 2009, the day that Anglo was nationalised.
The investigation examined lending practices of Anglo and Irish Nationwide in particular to examine why the two institutions incurred much heavier losses.
The setting up of the commission followed two reports into the causes of the crisis last year by Central Bank governor Patrick Honohan and by banking experts Klaus Regling and Max Watson.
