The Central Bank of Ireland was established by the Central Bank Act 1942 (as amended). The functions of the Bank are set out in the Central Bank Reform Act 2010. The Central Bank of Ireland serves the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy. The Bank’s other objectives are: Stability of the financial system; Proper and effective regulation of financial institutions and markets, while ensuring that consumers of financial services are protected; Efficient and effective operation of payment and settlement systems; and Provision of analysis and comment to support national economic policy development.
The Central Bank Commission (the Commission) has the following statutory functions: management and control of the affairs and activities of the Central Bank; ensuring that the Central Bank’s financial regulation and central banking functions are coordinated and integrated; and ensuring that the statutory powers and functions conferred on the Central Bank are properly exercised and discharged.
In addition, the Bank is a member of the European System of Central Banks (ESCB).
The Central Bank Commission is made up of the following members: Gabriel Makhlouf, Governor*, Sharon Donnery, Deputy Governor, Central Banking*, Ed Sibley, Deputy Governor, Prudential Regulation*, Patricia Byron, Shay Cody, John Hogan, Secretary General of the Department of Finance*, Sarah Keane, David Miles, Niamh Moloney, John Trethowan, and Neil Whoriskey is Head of the General Secretariat Division of the Central Bank. (*Ex-officio)
The following senior management team oversees the central banking and regulatory functions in the Bank.
Sharon Donnery, Deputy Governor, Central Banking; Ed Sibley, Deputy Governor, Prudential Regulation; Derville Rowland, Director General, Financial Conduct; Gerry Quinn, Chief Operations Officer; Mark Cassidy, Director of Economics and Statistics; Gerry Cross, Director of Financial Regulation (Ex-officio) - Policy and Risk; Asset Management and Investment Banking; Domhnall Cullinan, Director of Insurance Supervision; Se?na Cunningham, Director of Enforcement and Anti-Money Laundering; Louise Dennehy, Chief Information Officer; Patricia Kenny, Chief People Officer; Colm Kincaid, Director of Securities and Markets Supervision; Vasileios Madouros, Director of Financial Stability; Gr?inne McEvoy, Director of Consumer Protection; Mary-Elizabeth McMunn, Director of Credit Institutions Supervision; William Molloy, Director of Financial Operations; Paul Molumby, Director of Currency and Facilities Management; Bernard Sheridan, Director of Strategy & Governance; and Adrian Varley, Director of Prudential Analysis & Inspections.