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Panel delays report on financial crisis

WASHINGTON (Reuters) - A congressional panel delayed on Wednesday its final report on the causes and impact of the financial crisis to early next year to ensure its probe is "appropriately completed."

The Financial Crisis Inquiry Commission had been expected to issue its report mid-December.

For the past year, the 10-member panel has been investigating the financial crisis that peaked late in 2008 after the collapse of investment bank Lehman Brothers.

The four Republican commissioners on the panel voted against delaying release of the report until January and said they were prepared to meet the December 15 deadline set when the commission was established.

The panel, chaired by former California State Treasurer Phil Angelides, has probed top financial regulators and some of the biggest players on Wall Street.

Former Lehman CEO Dick Fuld, former American International Group Inc Financial Products head Joseph Cassano and Goldman Sachs Group Inc Chief Executive Lloyd Blankfein are some of the executives that have been grilled by the panel.

The report is expected to serve as a public record of the historic event and is not expected to include recommendations for reform.

(Reporting by Rachelle Younglai; editing by Andre Grenon)

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