The Banking Inquiry committee has announced a report finalisation team will be created to help complete its work.

11 members of the committee met in private session today to discuss the draft report and possible amendments.

In a statement this afternoon the inquiry says some of the material that members wanted to deal with are not suitable to the process.

As a result it's been decided that a team will be set up to help - advance the report - and this will report back on Tuesday.

Chairman deputy Ciarán Lynch outlines what happened today: