Minister Noonan thanks Cyril Roux for his service with the Central Bank

28.02.17

Minister Noonan thanks Cyril Roux for his service with the Central Bank

 

The Minister for Finance Michael Noonan T.D. has today been informed that Mr. Cyril Roux, Deputy Governor, Financial Regulation has tendered his resignation to the Central Bank Commission.

Minister Noonan thanked Mr. Roux for his dedicated service in his role as Deputy Governor for Financial Regulation over the last number of years and wished him well in his future career.

The Minister for Finance Michael Noonan T.D. today said:

“Mr. Roux has been to the fore in driving significant changes in the financial regulatory landscape during his term at the Central Bank of Ireland and has contributed to the overhaul of regulation, supervision and resolution regimes.”

“Mr. Roux was instrumental in delivering the wholesale changes introduced under the Single Supervisory Mechanism and the regulations on Banking Capital Requirements.”

He was also instrumental in reshaping the regulatory environment for the insurance sector brought about by the EU Solvency II reforms.

The Central Bank Commission will now begin the process of appointing a replacement for Mr. Roux, this replacement process will include seeking the consent of the Minister for Finance.

 

ENDS

28 February, 2017