FCIC votes to delay crisis report publication until January

19 November 2010

The Financial Crisis Inquiry Commission (FCIC) has voted to delay the publication of its report into the root causes behind the financial crisis.

According to the FCIC, publication will now be in January rather than the original date of December 15th.

The ten-man commission, which is chaired by Deomcrat Phil Angelides, was set up to investigate the reasons behind the global financial crisis.

Numerous senior executives from financial institutions have been questioned by the commission including Dick Fuld, the former chief executive officer (CEO) at Lehman Brothers and Lloyd Blankfein, CEO and chairman of Goldman Sachs.

In a statement, the body said: “The additional time will allow the commission to produce and disseminate a report which best serves the public interest and more fully informs the President, the Congress and the American people about the facts and causes of the crisis.”

The delay is thought to have been announced as the organisation looks to publish a “book-length” document alongside the commission’s findings.

A final deadline for completion of all work by the commission has been set as February 13th 2011.

By Jim Ottewill

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