Central Bank of Ireland's Deputy Governor Prudential Regulation Ed Sibley Departs

The Central Bank of Ireland announced yesterday that Ed Sibley, Deputy Governor Prudential Regulation, would depart the Central Bank of Ireland when his term of office ends after 31 August 2022 to pursue opportunities in the private sector.

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Governor Makhlouf said: "Ed's departure will be a loss to the Central Bank and the European financial regulatory family. He has made an enormous contribution in his current role as Deputy Governor and throughout his time at the Central Bank. Over the last decade he played an important role in building the resilience of Ireland and Europe's financial system. I would like to thank him for his leadership and commitment to the Bank and in the area of financial regulation. I would particularly like to thank him for leading prudential regulation in Ireland, his work on the Supervisory Board of the ECB, his commitment to resolution of long term mortgage arrears in the Irish financial system, and more recently the development of the Bank's new Strategy. On behalf of the Commission and all the staff of the Bank I would like to offer him my best wishes for the future."

Ed will now step away from frontline regulatory and supervisory responsibilities and interim arrangements will be announced in due course.