Outsiders to get key regulatory positions

[provost]

independent.ie/business/iris … 71223.html

Outsiders to get key regulatory positions
By Thomas Molloy - Friday December 11 2009

THE Central Bank will begin hiring a raft of outside experts within days to fill senior positions, the bank said yesterday.

The bank is looking for three new assistant director generals to beef up enforcement capability, focus on a financial sector and ensure Ireland plays an active role in the international debate on financial regulation.

(later)

The bank has since moved to appoint other outsiders to key posts as part of a plan to create a powerful and independent regulator for the banking system whose collapse brought the economy to its knees and destroyed Ireland’s reputation overseas.

"These are very important posts in the new financial regulatory structure at the Central Bank," Mr Honohan said. “While our regulatory approach will emphasise risk-based supervision and an open, but challenging, dialogue with regulated firms, it must be underpinned with a strong enforcement capability.”

strong independant regulator or jobs for Honohans boys?