Deputy Governor Monetary and Financial Stability Appointment

10 October 2022 Press Release

Vasileios Madouros

  • Vasileios Madouros appointed Deputy Governor, Monetary and Financial Stability
  • Appointment followed a comprehensive recruitment process

The Central Bank of Ireland has appointed Mr. Vasileios Madouros as Deputy Governor, Monetary and Financial Stability. He will take up his role on 1 November 2022.

As Deputy Governor, Monetary and Financial Stability, Vasileios will be a member of the Central Bank’s Executive Leadership Team, which has overall responsibility for delivery of the Central Bank’s strategy and its transformation agenda.  He will oversee the Economics & Statistics, Financial Stability and Financial Operations Directorates.

In this role, Vasileios will lead engagement with domestic, Eurosystem and broader international stakeholders representing the Central Bank on wider financial system matters and communicating its position on a range of topics in Europe and the rest of the world.  He will provide and shape advice to the Governor on a broad range of economic, monetary policy, financial stability, statistical, operational and portfolio management issues, chairing a number of the Central Bank’s Committees, including the Economic Policy and Research Committee which oversees all research on economic and financial regulation issues.  The Deputy Governor, Monetary and Financial Stability, is the Governor’s alternate at the Governing Council of the European Central Bank.

Prior to this appointment, Vasileios Madouros was the Director of Financial Stability, Central Bank of Ireland. In this role, he was responsible for the Central Bank's work to monitor threats to financial stability and provide advice on the use of macro-prudential tools, or other policy interventions, to mitigate those risks. Vasileios was also responsible for enhancing the Central Bank’s financial crisis preparedness and management capabilities as well as preparing for, and managing, the orderly resolution of relevant financial institutions. In this role Vasileios was a member of the Plenary Board of the Single Resolution Board.  

Prior to joining the Central Bank, Vasileios spent most of his career at the Bank of England. His work at the Bank of England spanned a range of areas related to financial stability, covering macro-prudential policy development, stress testing, international finance, prudential policy and macro-financial risk assessment.  Vasileios holds a B.Sc. in Economics from the University of Warwick and an M.Sc. in Economics from Birkbeck College, University of London.

Announcing the appointment, Governor Gabriel Makhlouf said: 

“I am very pleased to announce, the appointment of Vasileios Madouros as Deputy Governor, Monetary and Financial Stability. He brings a wealth of experience in macro-economics, financial stability and central banking to the role and he fully encompasses the open and inclusive culture and values of the Central Bank of Ireland.

We have an ambitious Strategy which represents a renewal and repositioning for the Central Bank. Our Strategy aims to ensure that our direction and ambitions over the next five years are responsive and forward looking. I am delighted Vasileios has agreed to take on the responsibility of Deputy Governor and I look forward to working with him, and the rest of the senior team on the delivery of our strategy.”