Liz McManus (Wicklow, Labour)
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Question 63: To ask the Minister for Finance the position regarding the recruitment of experts by the Financial Regulator to police the banking sector; and if he will make a statement on the matter. [38816/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Financial Regulator has informed me that there was a large response to its recent advertisement for additional staff. It is currently reviewing the applications submitted and expects to be holding interviews in the next few weeks with initial placements occurring shortly after that depending on any notice period staff may have to provide to their current employer.

In the meantime, staff from the Financial Regulator are currently on-site in the covered institutions on an on-going basis and the additional staff will complement the current number of staff based in the covered institutions.