Tough shoes to fill but Roux is right person for job

The selection of Frenchman Cyril Roux as financial regulator and deputy Central Bank governor in succession to Matthew Elderfield has caught a few people on the hop, although the appointment has received a broad, if cautious, welcome.

Cyril Roux, left, has big boots to fill in the shape of outgoing financial regulator Matthew Elderfield, right.

Mr Roux will head up an organisation with a staff of around 620 — its numbers boosted over the past three-and-a-half years or so by his predecessor.