The report of the Oireachtas banking inquiry is to propose a series of changes to the legislation that governs parliamentary inquiries.

The final report of the committee of TDs and Senators is to be divided into three volumes – their recommendations and conclusions, the evidence given to the inquiry and a third section on legislation relating to Oireachtas inquiries. It is understood the report will recommend a number of “radical” amendments to the legislation.

A source said: “The committee will outline how it worked under the legislation and how we feel there can be a series of changes. It will take account of the referendum on Oireachtas inquiries that the people voted against. But there are lessons that are to be learned from the way the banking inquiry was run.”

Revised report

The committee is in the process of drafting a revised report after the initial one drawn up by its investigation staff was rejected by members as fundamentally flawed.

There will be 11 chapters, focusing on a number of key areas including the role of the European Central Bank and the lead-up to the troika programme. It is expected to run to about 300 pages.