The financial regulator is hanging up his boots come October. Kyran Fitzgerald casts a cold eye over his performance and achievements in the role, which he has occupied since Jan 2010, and the list of likely successors

Central Bank deputy governor Matthew Elderfield will leave the post in October to pursue other interests in the UK.

The Government has expressed disappointment that the deputy Governor of the Central Bank is resigning.

The deputy governor of the Central Bank of Ireland has said that he feels that Ireland has "a strong regulator" of the banks.

The Deputy Governor of the Central Bank Matthew Elderfield has resigned.

The Central Bank and the Government want debt writedowns to form part of the solutions to the mortgage arrears crisis, but ultimately the decision is up to the banks.

Home repossessions will “rise significantly”, the financial regulator has warned, saying it was an “unpalatable fact” that lenders would no longer hold back.

The deputy governor of the Central Bank, Matthew Elderfield, welcomed recent announcements by the pillar banks that long-term loan modifications would form part of the range of solutions to the mortgage arrears crisis.

Homeowners experiencing mortgage difficulties and who do not engage with their banks, now face legal proceedings.

The benefits for the Irish economy and banking system from a European banking union will far outweigh any potential downsides, the former government adviser Alan Ahearne has argued.

The prosecution rate of white collar crimes in this country is below the level that is expected by the public.

The Deputy Governor of the Central Bank is calling for new measures to fight against white collar crime.

Financial regulator Matthew Elderfield has said that progress made on the establishment of the European Banking Authority — the single supervisory body devised at June’s European Summit — should boost confidence in Ireland as it prepares to exit its bailout programme next year.

The corrosive culture that pervades the Irish banking sector must be eliminated, the deputy governor of the Central Bank Matthew Elderfield declared yesterday in a key address at UCC.

Bankers must have left their federation lunch this week with a bad taste in the mouth after Central Bank regulator Fiona Muldoon lambasted them for failing to adequately deal with the mortgage debt crisis, writes Kyran Fitzgerald

A senior Fine Gael figure has accused the brother of bankrupt billionaire Seán Quinn of dishonouring the role of GAA president.

The regulatory landscape is set to change across the EU on the back of developments to create a single European banking supervisor, the deputy governor of the Central Bank Matthew Elderfield told a conference in Dublin yesterday.

Seán Quinn last night claimed financial regulator Matthew Elderfield “illegally put an administrator into Quinn Direct” even though it was ” probably one of the most profitable insurers on the island of Ireland”.

If you had arrived direct from Mars, a radio interview yesterday with Sean Quinn Sr and his daughter Colette-Marie would have melted your heart, says Michael Clifford

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

The Tánaiste Eamon Gilmore has said the Government does not intend to put any more taxpayers' money into Irish banks.

Irish banks need to raise up to €4bn, preferably from the market, to meet international capital requirements, Financial Regulator Matthew Elderfield said, as the European Commission warned that bank deleveraging plans may be at risk.

The Deputy Governor of the Central Bank has said that although he expects banks will need recapitalisation in the future, he does not believe the state will have to provide the funding.

The Financial Regulator has told a German newspaper that Irish banks are going to need a further cash injection of €3bn to €4bn.

WHILE undoubtedly very important, it may not be quite correct to say that “mortgage arrears is the single biggest issue currently facing Irish people”, as Taoiseach Enda Kenny said last Tuesday in the Dáil.

One in four mortgages is in arrears or has been restructured, with the Central Bank warning financial institutions they need to do more to tackle the crisis.

The Central Bank generated a record profit of €1.2 billion last year, with just over €958.2m being paid to the exchequer in the form of an annual dividend.

The Central Bank of Ireland took enforcement action against 10 financial providers, securing the disqualification of two directors and collecting fines of €5m last year.

Stress tests of European banks should focus less on capital benchmarks and more on “diagnostic tools” next year, one of Europe’s top bank regulators said.

The Central Bank is set to make access to negative-equity mortgages easier for homeowners.

Financial Regulator Matthew Elderfield is promising a major review of all asset management companies.

INSPECTIONS into mortgage arrears cases will be a core target in 2012 under the Central Bank’s new framework for supervising risk levels in financial institutions.

IRELAND’S banks will find it harder to shrink their balance sheets next year as European rivals step up their own such efforts, possibly pushing asset prices too low, according to the financial regulator Matthew Elderfield.

The Finance Minister Michael Noonan has said the Financial Regulator should be allowed to use his "powers of persuasion" to convince banks to cut interest rates.

State-owned Allied Irish Banks has been forced into an embarrassing U-turn and cut its mortgage interest rate by a quarter of one per cent.

Ireland’s three biggest banks have told the Government they will not pass on the European drop in interest rates to tens of thousands of struggling mortgage holders.

ENDA KENNY has admitted he has done nothing to prepare legislation that would force banks to pass on interest rate cuts to variable mortgage holders.

National Irish Bank is to raise its mortgage interest rate by 1% on Friday.

WITH good news rarer than hen’s teeth in these troubled times, the surprise decision of the European Central Bank (ECB) to cut eurozone interest rates will be welcomed by hard-pressed mortgage holders struggling to pay arrears.

The Irish Banking Federation said today its members should retain the right to set interest rates for its standard variable rate mortgages.

YESTERDAY afternoon’s speech by the Financial Regulator Matthew Elderfield, and his earlier meeting with lenders where he warned about the imposition of further interest rate increases, leaves the banks in no doubt about what is expected of them in resolving the growing mortgage crisis.

ONE in seven credit unions failed to keep enough reserve cash to meet emergencies and loans worth over €1 billion are in arrears.

THE Financial Regulator has told the banks he wants to halt variable interest rate hikes and warned them he will be “breathing down their necks” to ensure compliance with his mortgage arrears code.

The head of the Consumers Association, Dermot Jewell, has welcomed the suggestion from the deputy of the Central Bank to clampdown on banks targeting homeowners with variable rate mortgages.