The Central Bank has appointed a French credit supervisor to be the new Financial Regulator.
Cyril Roux is currently the First Deputy Secretary General of the French resolution and supervisory authority and will take over from outgoing regulator Matthew Elderfield in October.
Roux started his professional career as an insurance supervisor then joined the Department of Treasury of the French Ministry of Finance.
Roux holds a PhD in Economics from Harvard University and graduated summa cum laude from the University of Paris – Sorbonne. He currently lives in Paris.
Central Bank Governor Patrick Honohan welcomed the appointment.
“I am pleased to welcome Cyril Roux to the Central Bank. His very extensive relevant experience and skills are particularly suited to this challenging role. I look forward to working with him, along with the rest of the regulatory team, as we continue to develop the financial regulatory system in Ireland.”
Roux himself is looking forward to the challenge.
I’m honoured by this appointment and very aware that restoring the Irish economy to full health requires effective financial supervision.