COMMENT: Elderfield's departure no surprise

Matthew Elderfield stepping down will come as no surprise to anyone who has paid attention to the rapid turnover in his senior team over the last year, writes Jon Ihle.

Whoever takes over needs to consolidate Elderfield’s change agenda, writes Jon Ihle.

Matthew Elderfield’s announcement that he will be stepping down as deputy governor of the Central Bank in six months will come as no surprise to anyone who has paid attention to the rapid turnover in his senior team over the last year.

In early 2012 Elderfield’s right-hand man, the affable and capable Jonathan McMahon, resigned his post as head of banking supervision to take a senior role with Mazars in London. He now ...