Dáil Éireann Debate, Tuesday - 23 April 2013
209. Deputy Pearse Doherty asked the Minister for Finance if he will outline the process for the appointment of a new Financial Regulator; and if the post is likely to be filled before the outgoing Financial Regulator leaves the Central Bank of Ireland in six months. [18463/13]
View answerUnder section 23B of the Central Bank Act 1942 the Central Bank Commission can, with the consent of the Minister for Finance, appoint suitably qualified persons as Heads of Function. I am informed by the Central Bank that the position has been advertised in The Irish Times and will also be advertised in The Economist and the Financial Times. The Central Bank has partnered with an international executive search firm to assist on this assignment. The search and selection process is designed to ensure that the Central Bank identify a shortlist of strong potential candidates and that the best candidate is selected. It is the Central Bank’s intention to identify a preferred candidate as soon as possible; the official start date will depend on the personal circumstances of the successful candidate.
