Ballyragget native faces a grilling at Banking Inquiry today

The Kilkenny man responsible for regulating Ireland’s banking sector, in the run-up to the guarantee, will appear before the banking inquiry today.

Patrick Neary is expected to face a grilling about his time as the financial regulator.

Last week the former head of the central bank John Hurley told the Banking Inquiry that he had virtually no power to regulate the banks – and that the health of the sector was realistically the responsibility of Mr Neary.

The Ballyragget native will take questions for the entire day. The inquiry resumes at 9.30 this morning.