Financial regulator Cyril Roux to leave Central Bank

Deputy governor of the central bank is leaving for the private sector in September

28th February, 2017
Financial Regulator Cyril Roux

The Central Bank has been hit with another high profile departure with deputy governor Cyril Roux to leave in April.

In a statement, the Central Bank said he will take up a position in the private sector in September. He joined the Central Bank in 2013 to succeed Matthew Elderfield as the head of financia l regulation.

“Over the past few years, our macro-prudential rules, the roll-out of incisive onsite inspections, our strengthened codes and regulations, and increased analytical ability have helped secure the bank's place among the leading regulators in Europe.

"I will leave the bank with a heavy heart, yet did not want to pass on the opportunity to return to the private sector in the very best of terms. The bank is a strong institution where highly dedicated and qualified staff work every day in the public interest, and I will sorely miss them,” Roux said in the statement.

The Central Bank did not say what role he is taking on.

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