Oireachtas Joint and Select Committees

Thursday, 19 October 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

9:30 am

Mr. Ed Sibley:

What we have been supported in, from a regulation perspective, is approval to increase the number of staff we have, particularly in the context of Brexit and recognising that more firms are coming and there is more complexity in some of them. It will have a cross-sector impact. There is a gap between where we are today in terms of our current headcount versus the approved headcount. A good part of that is recognising we need to grow as more firms come in. It is not preventing us from doing the work we have today. We need to continue to grow to meet future demand. We have looked forward in terms of what we think we need based on what we think will come from Brexit and other factors.

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