Statement - Gareth Murphy

22 August 2016 Press Release

The Central Bank of Ireland announced today that Gareth Murphy, Director of Markets Supervision, has resigned his position. He will remain with the Central Bank until November.

Gareth Murphy said: "After eight years dealing with issues related to the financial crisis and its aftermath at both the Central Bank of Ireland and previously at the Bank of England, it is now time to move on.  The last six years has been a period of unprecedented change at the Central Bank and it has been a privilege to have had the opportunity to contribute to the rebuilding of the institution during that time.  I wish all of my colleagues every success as they continue to pursue the Central Bank's important goals of financial stability, consumer protection and market integrity."

Governor Philip Lane said: “We are sorry to be losing Gareth Murphy as Director of Markets Supervision and as a member of the senior leadership team. Gareth has made a significant contribution to the Central Bank since he joined in 2010 and has been a key member of the Bank’s senior management team. His contributions to the organisation have been highly valuable and we would like to wish him well in his future career.”

Deputy Governor (Financial Regulation) Cyril Roux said: "Gareth oversaw the complex task of funds and markets supervision in a forward-looking and effective manner, and has made a signal contribution to financial regulation in Ireland. That contribution is well recognised domestically and internationally. I wish to thank Gareth for his work at the Bank, and wish him well for the future."

Gareth will immediately step away from all supervisory activities that might give rise to potential conflicts of interest.