herald

Friday 21 September 2018

Central Bank loses another regulator

Fiona Muldoon
Fiona Muldoon

THE Central Bank is reeling after its sixth senior regulator quit just as the country starts to emerge from the downturn.

Head of banking supervision Fiona Muldoon (inset) is to leave the regulator's offices in May, the latest in a series of departures.

She follows Financial Regulator Matthew Elderfield, his deputy Jonathan McMahon, chief economist Lars Frisell, head of compliance Peter Oakes and credit union registrar James O'Brien out the door.

However, Central Bank governor Patrick Honohan has played down the series of departures, saying they "have strength in depth".

"We have made a lot of appointments and I don't like to see people going, but people will move on."

hnews@herald.ie

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