New doubts have emerged about whether the Banking Inquiry will ever issue its final report.

Large parts of its final report are now being re-written for a second time, leaving almost no time to accommodate any extra problems.

The inquiry was meant to finish work on its draft report today - but after a four-hour emergency meeting last night, that has now been pushed back to tomorrow evening.

The first version of the executive summary, written by civil servants, was considered not political enough.

The second draft, written by some members, was last night written off as too political.

A third edition is now being written today, while members have been given another 24 hours to submit a final round of changes.

However, that all means that the wriggle room in the timetable is virtually gone - and the new delays will mean meetings over Christmas for the inquiry team.

The suggested date for the final report is now January 27th.

Sarah Bardon, political reporter with the Irish Times, told Newstalk Breakfast the final deadline may not be met either: "It's now looking even bleaker this morning than it did over the last couple of days. There is the strong sentiment amongst members that this is potentially a wasted experience and that the report still could never see the light of day".