Joan Burton (Dublin West, Labour)
Link to this: Individually | In context

Question 208: To ask the Minister for Finance the number of former staff from Anglo Irish Bank that have been recruited by the Financial Regulator in the past 18 months; the precautions that have been taken to ensure that there is no resulting conflicts of interest; and if he will make a statement on the matter. [14812/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

Under 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 understand that there are three staff members in the CBFSAI who worked in Anglo Irish Bank at some stage of their career. All three were recruited under the October 2008 competition for bank supervisors to assist with oversight of the Government Guarantee Scheme. All staff of the CBFSAI must adhere to the policies of the organisation and comply with the requirements of Section 33 of the Central Bank Act.