Dáil Éireann Debate, Thursday - 26 May 2016
70. Deputy Michael McGrath asked the Minister for Finance the number of staff employed in the Central Bank's enforcement division; the number of these relating to the regulation of insurance firms; and if he will make a statement on the matter. [12282/16]
View answerThe Central Bank has informed me that at the end of April 2016, the Enforcement Division had 53.8 active staff, out of a complement of 71.5. This equates to 75% of their target complement.
The Enforcement Division is multi-disciplinary and uses a wide range of powers to investigate cases across the financial services sector. The allocation of staff within the Division to cases will depend on the requirements for each case. Staff within the Division are not allocated exclusively to one particular industry sector, such as insurance.
