The Chairman of the Oireachtas Banking Inquiry has said that the issues surrounding the compellability of witnesses to the Public Accounts Committee will not affect their work as they will have separate powers granted under their terms of reference.

Ciarán Lynch said any witness or information deemed relevant to their investigation will be compellable.  

He said the Public Accounts Committee was different in this respect as it had to seek permission on a case by case basis to require witnesses to attend.

The Banking Inquiry meets in private session tomorrow when it will consider the report of an advisory group which had been asked to develop a draft inquiry framework.  

Economist Colm McCarthy and the Comptroller and Auditor General Seamus McCarthy sat on the advisory group amongst others. The group has met four times.