TDs running the Oireachtas banking inquiry have signed off on a blueprint for how it should be run.

Members have agreed to a blueprint which will see separate modules concentrating on the response of the banks, the regulators and the government itself to the banking crisis.

The inquiry has also agreed to hold an extensive phase of initial investigations before it begins to call witnesses for public hearings.

Inquiry chairman Ciaran Lynch says the committee has "ambitious" plans to take a large amount of oral and written evidence.