Central Bank announces new senior posts

A number of new senior appointments are to be made to the Central Bank as part of the financial regulatory structure that is being introduced, it was announced today.

These include three new Assistant Director General positions with responsibility for Enforcement, Markets Supervision and Policy and Risk.

These positions will be advertised in the coming days and are in addition to the previously advertised position of Assistant Director General for Financial Institutions Supervision.

In addition the Central Bank has appointed Con Horan to the position of Special Adviser to the new Head of Financial Supervision, Matthew Elderfield.

The Central Bank also announced today that a panel of external risk advisers will be recruited in the New Year.

These experts will support the supervisory teams in assessing governance and risk management standards and provide a resource for analysing the business risks and the commercial environment facing regulated firms.

Speaking today, Central Bank Governor, Patrick Honohan, said: “These are very important posts in the new financial regulatory structure at the Central Bank."

"While our regulatory approach will emphasise risk-based supervision and an open, but challenging, dialogue with regulated firms, it must be underpinned with a strong enforcement capability”.