It is intended that the IFSRA will draw the majority of its initial staff from the regulatory departments of the Central Bank and the Department of Enterprise, Trade and Employment, including the Office of the Director of Consumer Affairs and the Registrar of Friendly Societies. The Bill provides for the permanent transfer of staff from the Department to the new authority, subject to their agreement. The staff of the entity, whether working in the IFSRA or elsewhere, will be employees of the reorganised bank, the Central Bank and Financial Services Authority of Ireland. The board of the bank is required, with the agreement of the chief executive of the regulatory authority, to arrange for employees of the bank to be assigned to the authority. These provisions should ensure the authority will operate effectively and efficiently from the outset.