Written answers

Wednesday, 10 March 2010

Department of Finance

Financial Services Regulation

11:00 pm

Photo of Bernard AllenBernard Allen (Cork North Central, Fine Gael)
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Question 115: To ask the Minister for Finance his plans for the increase in staff within the Central Bank and financial regulatory system; and if the embargo is being applied in these bodies. [11557/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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In accordance with the Central Bank of Ireland Act 1942 (as amended), the employment of staff in the Central Bank and Financial Services Authority of Ireland (other than the Governor, the Registrar of Credit Unions and the Chief Executive of the Regulatory Authority) is a matter solely for the Board of the Bank, the Regulatory Authority and the Governor and is not a matter in which I have a role. However, I am informed by the Bank that the staff complement of the Financial Regulator will increase by some 140 staff in 2010 with further significant increases in staff planned for the following couple of years.

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