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Central Bank names financial-regulation chief

The Central Bank has appointed Mary-Elizabeth McMunn as deputy governor in charge of financial regulation.

She will take up her role, which involves membership of the Central Bank’s executive leadership team, on 1 January 2025.

Her responsibilities will include supervisory risk analytics and data, policy and international, and the supervision of banking and payments, credit unions, and insurance.

‘Wealth of experience’

McMunn will also be a member of the Central Bank of Ireland Commission and will become a member of the ECB’s Banking Supervision Supervisory Board, which has responsibility for directly supervising the largest banking groups in the euro area.

She is currently the director of banking, payments, and credit unions at the Central Bank, and has been in the role since September 2018.

Governor Gabriel Makhlouf said that McMunn brought a wealth of experience in financial regulation and extensive leadership experience to the role, allied with a deep knowledge of the financial system and of the regulatory environment in Europe.