Two long-serving Central Bank officials have been promoted as it restructures its regulatory framework.
Ed Sibley has been appointed deputy governor with responsibility for the supervision of credit institutions, insurance firms and the asset management industry.
Previously, Mr Sibley was the director of credit institutions supervision, responsible for overseeing the Central Bank’s supervisory work for all banks and credit unions operating in Ireland. He joined the bank in 2012
Derville Rowland, the bank’s former director of enforcement, has been named as the bank’s new director general of financial conduct, with responsibility for for consumer protection, securities and markets supervision, and enforcement. She has worked at the bank since 2004.
Announcing the appointments, Philip Lane, the governor, said the appointments would help the Central Bank to fulfil its mandate and ensure the stability of the financial sector.
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“Both appointees bring a wealth of experience in financial regulation to these new roles and have had highly distinguished careers to date.
“The appointments and the restructuring of financial regulation will provide the Central Bank with strong foundations to carry out its vital financial regulatory mandate in line with our mission to safeguard stability and protect consumers,” Mr Lane said.
The shake-up follows the departure of Cyril Roux as deputy governor in April. Mr Roux, who had dealt with London-based firms looking to move to Ireland after Brexit, left to join a financial firm in his native France.