Bracing for the eye of the storm

Arriving in Jan 2010 on a pledge to clean up the banking sector, the financial regulator Matthew Elderfield, while not making giant strides, has gone some way to justifying his €340,000 salary, writes, Kyran Fitzgerald

It may soon be time to get out the bucket and spades, but for Central Bank governor Patrick Honohan and his second in command Matthew Elderfield, this looks set to be an exceptionally busy summer.

While Honohan will be shuttling between Dublin and Frankfurt, helping to man the monetary pumps in the effort to douse the eurozone flames, Elderfield, as head of financial regulation, is in charge of the home front.