Central Bank urged to improve vetting process  following review 

“There are clearly improvements we can make in the way we manage applications and come to a judgement on them,” said Central Bank governor Gabriel Makhlouf.

The regulator, from 2020 to the end of 2023, approved around 11,000 individual roles in this sector. Pic: Shane O'Neill, Coalesce.

The Central Bank has been urged to improve its governance and fairness when appointing key individuals to roles in the financial services sector.

In a review undertaken by former chair of ECB Supervisory Board Andrea Enria into the Central Bank’s decade-old Fitness and Probity regime, 12 recommendations were given to ensure the regulator delivers “procedural fairness” in future.