Deputy Governor Financial Regulation Appointment
11 December 2024
Press Release
- Mary-Elizabeth McMunn appointed Deputy Governor, Financial Regulation
- Appointment followed a comprehensive recruitment process
The Central Bank of Ireland has appointed Ms Mary-Elizabeth McMunn as Deputy Governor, Financial Regulation. She will take up her role on 1 January 2025.
As Deputy Governor, Financial Regulation, Ms McMunn will be a member of the Central Bank’s Executive Leadership Team, which has overall responsibility for delivery of the Central Bank’s strategy and its transformation agenda. She will oversee Supervisory Risk Analytics & Data, Policy & International and the supervision of Banking & Payments, Credit Unions and Insurance sectors.
Ms 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.
Ms McMunn is currently the Director of Banking, Payments and Credit Unions at the Central Bank, and has been in the role since September 2018. She is responsible for the Central Bank's supervision of the banks, payment firms and credit unions authorised to operate in Ireland and is a member of the Bank’s Financial Stability and Supervisory Risk Committees (among others).
She joined the Central Bank in 1997 and has worked in banking, insurance, markets supervision and supervisory risk. Mary-Elizabeth holds a BA in Pure Economics from UCD and an MSc in Investment and Treasury from DCU.
Announcing the appointment, Governor Gabriel Makhlouf said: “I am delighted to announce, the appointment of Mary-Elizabeth McMunn as Deputy Governor, Financial Regulation. Mary-Elizabeth brings a wealth of experience in financial regulation and extensive leadership experience allied with a deep knowledge of the financial system and of the regulatory environment in Europe. She is an exemplar of the open and inclusive culture and values of the Central Bank of Ireland.
“This appointment and the changes to the way the Bank is organised which also come into effect in January, will ensure that the Central Bank continues to deliver on its mission, ensuring the financial system continues to operate in the best interests of consumers and the wider economy.
I look forward to working with Mary-Elizabeth, and the rest of the senior leadership team on the delivery of our strategy.”
ENDS