The Minister for Justice Frances Fitzgerald has published a bill to help resolve the difficulties facing the Commission of Investigation looking into IBRC, which was set up last year.
Under the bill, the Commission has been given extra powers to address issues raised about the confidentiality of some documents relating to IBRC.
The Commission will also be given the same powers, rights and privilege of the High Court or a High Court judge in relation to its probe into IBRC.
The bill will also enable the Commission to seek the direction of the High Court in relation to any of its functions and to refer legal matters relating to its functions to the court.
It also allows the Commission to sit and report in divisions given the extensive nature of its investigation.
In a statement, the Department of Justice said the legislation will be enacted as soon as possible. It added that the Taoiseach Enda Kenny had consulted with the opposition and the Commission.
The Commission of Investigation was set up to investigate transactions and activities of IBRC between January 2009 and February 2013.
It is looking at transactions which resulted in capital losses to IBRC of at least €10m or which have been identified by the Commission as giving rise or likely to give rise to potential public concern.
