Brendan Griffin (Kerry, Fine Gael)
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186. To ask the Minister for Finance his views on a matter related to the Central Bank (details supplied); and if he will make a statement on the matter. [40115/16]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Central Bank that staff numbers are expected to grow to 1,631 at end 2016, with planned expansion to 1,801 by end 2017. The 2017 expansion includes dedicated resources to address specific Brexit-related new business needs. The Bank also plans to assess on a regular basis the need for contingency-based extra Brexit-related hiring in response to additional business volumes.

While the Bank can sometimes experience difficulties in hiring and retaining staff in certain areas because there is significant labour market competition, the Governor has previously indicated that where further resources are necessary due to an expanded universe of regulated and supervised firms, the Bank has the ability to effectively re-prioritise where it needs to meet the increased level of demand and also to increase staff numbers as necessary.