Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
FIONA MULDOON, ONE of the directors at the Central Bank of Ireland, has resigned her position, the bank announced today.
Moldoon, who is Director of Credit Institutions and Insurance Supervision will remain at the bank until 1 May next year.
Today Muldoon said she had joined the bank at a time of “great challenge for the financial services industry and for the country”.
“It has been a privilege to work with so many others on the pressing economic and regulatory issues of the day,” she continued. “I hope I have made a meaningful contribution towards resolving some of those challenges and to the bank during my time here.”
Commenting on the announcement today, Central Bank Governor Patrick Honohan said the director brought “great leadership strengths and practical knowledge of the financial services into the role”.
She has been instrumental in many of the initiatives undertaken by the bank to address the role of the regulator, the mortgage and SME arrears issues and the stabilisation of the banking sector. She has made a significant contribution to the development and implementation of our prudential regulatory strategy in the banking, insurance and Credit Union sectors.
Honohan thanked her for her service and said he wishes her well in the future.
There has been no immediate comment on who will replace Muldoon in her role in the bank. She is the second Central Bank director to resign this year, with Director of Enforcement, Peter Oakes, stepping down in January.
To embed this post, copy the code below on your site
Another who will get a golden handshake on departure no doubt.
I don’t know her personally, but I do know she’s good at her job. Just Google her name to find out.
Don’t know if she’ll get a golden handshake, but unlikely as she has resigned of her own accord.
As for a pension, she’ll get some partial pension based on number of years’ service in accordance with Civil Service rules at age 65.
Why is she leaving? Don’t know, but at least three high level managers have left the CB in recent months.
All that money and she wouldn’t get herself a decent hair cut….
thats the price every tea lady pays. she makes the sandwiches, she makes the tea..and look at the thanks she gets
i sincerely hope she does get a lyons gold blend handshake. she fully deserves it
These people dont take on jobs like this without favourable terms whether they decide to stay in office or go.
It would be great if the Journal would report the disgrace that is banks not passing on the recent ecb interest rate cut! This has received no media coverage. It’s about time pressure was applied and they were forced to do so! And the excuse that the gov can’t interfere is not good enough, they interfered when they gave all our hard earned money to these same banks!
Is that not standard procedure for all public servants
Could it be anything to do with a loss of interest?
I agree Bryan. She will have served 2.5 years, so her grand pension will be 6.25% of half her annual salary. It’s not as good as ppl may think. She’s a great worker I wish her well.
A1 Patrick!
I’d say there is a good chance she is going to work elsewhere in the industry where she can command a higher salary.
If she’s quick she can sign on the live register and hang onto her medical card
I’ve no doubt she had the will and determination to fix the corrupt industry but this smells like an unwillingness by the industry to cede control and a spineless uninformed government offering no support. The rule book on banking regulations needs to be ripped up and rewritten in favour of the public it is supposed to serve.
Oh great, wealthy woman steps down from well paid job, yawn.
Maybe we could replace her with somebody on jobs bridge.
A monkey from Dublin zoo would be better, at least youd know you are on your own.
Maybe eamon might have a relative he could put in there
This comment was NOT by me. Someone has set up a fake Twitter account with my name & photo. I disassociate myself entirely from that comment.
The most corrupt institution in the state yet it is privately owned. Its not Anglo and the other banks that need investigating, its the central banks owned by a den of vipers.
No doubt a filthy pension and a resigning bonus will be given out
Filthy!
You love filthy Jimmy!
Bet she’s rolling around in a pile of cash right now Les.
Why is she resigning?
The Sh1t may be about to hit the fan.
Or maybe she realises its an impossible industry to regulate and that she is unable do it! Somethings coming alright.
I think you are spot on Paul. Any involvement in the cess pitt that is the Irish Banking system is not a plus on anyone’s CV – she’s bailing out and I wouldn’t blame her. I
Mortgage crisis continues to deteriorate according to Dr Constantin Gurdgiev.
http://trueeconomics.blogspot.co.uk/2013/11/28112013-irish-mortgages-arrears-q3-2013.html?m=1
she has realised that she can’t reign in the banks
Thats it exactly. The banks don’t care that they brought this country to its knees. They just want to keep doing what they’ve always been doing while giving 2 fingers to anyone who tries to interfere.
Abandon ship the troika are leaving lunatics in asylum running country again shit bout hit fan
Fiona Muldoon will not be missed….good ridden!
In fairness, she is a high performer and of high calibre. She did not succeed to Elderfield’s role despite being the best qualified for the role. It was likely that she was aware that she could not make the contribution she wanted to make.
In addition, Ms. Muldoon made no secret of the fact that the Irish Banks needed vastly more capital. Politically that was unattractive even though it was a prudent assessment.
Why do I get the impression we are due another announcement in relation to the Administration of Quinn Insurance.
Me smell a rat — bet she was pushed or cold shouldered — boys rule ok Mr Noonan/Hayes /Honahan and co
Does anyone commenting have the skills to do her job? Dont know her buy im sure she worked harf to get there. Everyone is quivk enough is blame at the drop of a hat in this country. Help the problem not add to it. This women is resigning. Its nobodys business as to the reason. It could be any number of things from bullying to not agreeing with policies or looking to move on to a new chapter. Any other job and individual, it wouldnt make news. Chill out and focus on the positives.
ha ha male bullies
Next May,how much notice does she need to give?..I’d go now…
have your say