Muldoon the Central Bank’s latest high-profile official to step down

The Irish Central Bank official responsible for supervising banking and insurance is to step down, the bank said yesterday, the latest in a series of high-profile resignations at the institution.

Credit institutions and insurance supervision director Fiona Muldoon will step down in May, following similar recent announcements by financial regulator Matthew Elderfield, chief economist Lars Frissel and director of enforcement Peter Oakes.

The resignation comes as the Central Bank completes an assessment of the balance sheets of the main banks, a requirement under the country’s EU/IMF bailout and an exercise in which Muldoon has played a significant role.