Senior leadership appointments at Central Bank as financial regulation restructure underway
by Loiuse Kelly, published on Independent, on July 21, 2017
The Central Bank has announced a number of senior leadership appointments, following the news earlier this year that financial regulation would be restructured.
Ed Sibley has been appointed as Deputy Governor, Prudential Regulation while Derville Rowland will be taking up the role of Director General, Financial Conduct.
Mr Sibley – who joined the Central Bank in 2012 in the Banking Supervision area – will now be responsible for the supervision of credit institutions, insurance firms and the asset management industry.
Prior to this position, he was Director of Credit Institutions Supervision, responsible for overseeing the Central Bank’s supervisory work for all banks and credit unions operating in Ireland.
Mr Sibley’s previous experience includes roles in the UK Financial Services Authority, Bank of Ireland and PwC.
As Director General, Financial Conduct, Ms Rowland will be responsible for consumer protection, securities and markets supervision, and enforcement.
Ms Rowland joined the Central Bank in 2004. Prior to this appointment, she was Director of Enforcement, responsible for investigations and enforcement of issues across all regulated sectors.
Her previous experience includes working as in-house counsel as well as practice as a barrister.
“Both appointees bring a wealth of experience in financial regulation to these new roles and have had highly distinguished careers to date,” Governor Philip R. Lane said.
“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.”