Niamh Smyth (Cavan-Monaghan, Fianna Fail)
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140. To ask the Minister for Finance the number of new positions made available in the Central Bank specifically to deal with Brexit; the types of new roles created; the number of vacancies left to be filled; and if he will make a statement on the matter. [37736/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am informed that the Central Bank Commission approved an additional complement for 2017 to circa 1,800 staff, which will be a target net increase of 200 staff on the total at end 2016.  This expansion included dedicated resources of an additional 28 staff to address specific Brexit-related new business needs within existing divisions.  Of these 28 staff, 18 have been allocated to supervisory divisions to address specific Brexit-related new business needs within existing divisions, while the remaining 10 have been allocated to the Central Banking pillar.

Furthermore, at its recent June 2017 meeting, the Central Bank Commission approved an additional 36 resources principally to support increases in Brexit-related authorisation/supervisory activity, as well as to support extensions to the post crisis regulatory framework under the European Commission’s November 2016 Risk Reduction Measures package and the proposed new EU framework for the recovery and resolution of central counterparties. Resources will be deployed across both Financial Regulation and Central Banking. 

Recruitment is planned to be undertaken on a phased basis, with the hiring process already commenced for some of the roles, and it is expected that the majority of such roles will be filled by 31 December 2017.