The final report of the Oireachtas banking inquiry is expected to claim the Central Bank had a contingency plan to avoid a bank default in September 2008.
The Irish Times understands the draft report dismisses the suggestion that Anglo Irish Bank would have defaulted on the morning of September 30th if a guarantee was not agreed the night before.
The committee is expected to find that the Central Bank lobbied for a guarantee on the night of September 29th but had a plan in place if one was not agreed.
The report, which runs to 450 pages, is said also to dismiss the idea that the blanket bank guarantee was decided on the night of September 29th, 2008.
It is expected to outline how the option was being examined for months ahead of the decision being made by the Fianna Fáil-Green coalition.there is more