Central Bank of Ireland taps ex-ECB banking watchdog chief to review vetting regime for finance executives

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Central Bank of Ireland taps ex-ECB banking watchdog chief to review vetting regime for finance executives
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Review follows tribunal finding that bank’s decision-making was “flawed” in assessment of director nominee

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Former ECB banking watchdog chairman Andrea Enrian has been hired by the Central Bank of Ireland to review its fitness and probity process. Photograph: Bloomberg banking supervisory chairman, Andrea Enria, to lead a review of its vetting regime for key finance positions, after an appeals body made a highly critical judgment about its refusal to approve a board nominee for a fund.

Mr Enria, an Italian economist, has served as chairman of the ECB’s Single Supervisory Board, which is in charge of supervision of euro-zone banks, between 2019 and the end of last year. He was previously chair of the European Banking Authority.

The case that came before Ifsat was a rare one where an individual pushed back against the regulator.

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