Central Bank may add 350 staff in next two years

STAFF levels at the Central Bank could swell by 350 in the next two years as the body – soon to be amalgamated, with the Financial Regulator, into the new Central Bank Commission – moves to build a more effective supervisory regime.

Central Bank may   add 350 staff in next two years

The body admits, in its paper outlining its new approach to financial supervision, that its resources for supervision were previously “far below what was required” and now plans to recruit 150 staff before the end of this year; bringing employee numbers to 1,300.

There is also scope for a further 150-200 jobs over the next two years, with the ultimate aim to have “a minimum ratio” of 10 supervisory staff per firm for major institutions.

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