The former justice minister Alan Shatter says he's "amazed" that developer Johnny Ronan has yet to rescind his statement to the Banking Inquiry which included a Nazi slogan.

The developer's written evidence invokes the phrase "Arbeit macht frei", which hung over the gates at several concentration camps.

It's understood the banking inquiry will NOT redact the phrase itself because it does not want to edit the evidence submitted by witnesses.

The developer is not returning calls from the media today - and Deputy Shatter (who is himself Jewish) says he's amazed: