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CONCERNS HAVE BEEN raised over the number of positions left vacant across Ireland’s financial regulator.
The Central Bank is currently trying to hire people for at least 21 different positions and its Enforcement Division is currently 25% off its target staffing levels.
According to the Finance Minister, there are 53.8 active staff members in the division but the ideal number would be 71.5. The regulator is also looking to recruit both a head and deputy head for the department.
Fianna Fáil spokesperson on financial services Frank O’Rourke has recently raised the issue with the Finance Minister.
Speaking to TheJournal.ie, he outlined his worries over the regulation of the insurance, banking and moneylending sectors.
“In view of the regulatory breaches that contributed to a very costly banking crisis in the past decade, it is deeply concerning that so many positions remain vacant in the Central Bank’s Enforcement division.
In sectors such as insurance, banking and moneylending, strong regulation must be matched by rigorous enforcement so as to protect consumers and ensure adequate deterrents are in place for errant financial service providers.
In an answer to a recent parliamentary question from the Kildare deputy, Michael Noonan said the regulator is in the middle of a recruitment campaign and that he is not unduly concerned about the situation.
“While the vacancy rate of approximately 25% might appear high, it should be borne in mind that it is largely attributable to a significant increase in the staff complement of the Enforcement Division rather than a loss of existing experienced personnel,” he told the Kildare deputy.
“The Bank has informed me that it keeps its resource allocation under constant review and will be flexible as it moves to recruit additional staff.”
He also added that he had no role in staffing the regulator.
The Central Bank’s website is currently advertising 21 different positions in various divisions from database administration to statistics. There are multiple jobs going in some of the roles.
The Enforcement Division is looking for a head and deputy head for the technical and advisory section. The successful applicants, who must have between 10 to 15 years experience as a barrister or solicitor, will help progress cases. The salaries are ‘not disclosed’. ent
The top job is being offered as a five-year contract.
The regulator is also looking for onsite supervisors for the anti-money laundering division and banking supervision inspectors.
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But sure at least there’s bit of a stretch in the evenings!
WARNING……. Strong breeze today and rainfall. Take your coat wellies and an umbrella with you.
This is NOT a storm it’s Irish weather.
A storm is defined in the scientific community as consistent winds over 90kmph.
You clearly haven’t been out in it over the last couple of days then
Go away you clown ….everyone gets the point
This weather blows!
Sat in the car outside work contemplated going home again but I fought my way across the car park and made it to my desk. I’m a very brave woman. A little wind and rain won’t deter me.
Donna, society salutes you for your dedication.
If be worried if I lived in a McFeely property…
There’ll be great drying out today, But get the clothes in early.
Tired of it how I miss the summers :(
Ahhh shucks…. Only clicked on the article for the flying cow. Disappointed :-(
As a Vegan I find this comicalisation of bovine torture as abhorrent.
All your food is going to blow away..
Ah Paul,
Why did you have to ruin that photo with a “dramatization, might not have happened” slogan?
I’m almost certain that pic is from Twister or some other tornado related movie.
Farmageddon
Fisher men and sailors just shouldn’t be allowed out tonight. Not worth the risk. I know there are places where people are almost always in extreme weather catching fish but they’re well used to it and experienced.
Women talk note that Men and bad weather have a lot in common notting can be done to change either of us.
And cows will fly
No animals were just in the journal stating the obvious today
Hurt
I’m pretty sure you won’t find the Irish sea between erris head and fair head
you probably will when this is over
Windy in winter shocker. Why is there a need to publish an article about the wind blowing.
For all the people who will venture outside today maybe?
Maybe to warn those that have to go out in it to be a bit more Vigilant Branches breaking off Trees Bins being blown over etc
No pall I’m in hospital for the last 6weeks
Remember now Don’t swim in the Sea
Spelling:
I presume it is because the wind comes from America that the American spelling of “Hurrah” is used in the article……”Hooray”.
Perfectly normal new hurricane season in Ireland aided by weather modification.
I doubt you see cows flying through the air, did Mary off her head Poppins want a milk shake?
have your say