Minister for Finance Michael Noonan said the Central Bank is independent under the statute covering the European System of Central Banks. Photographer: Frantzesco Kangaris/Bloomberg

Minister for Finance Michael Noonan has said the Central Bank of Ireland did not seek his permission to issue retention payments to staff. T(...)

Department of Public Spending and Reform secretary general Robert Watt told TDs during the week  his officials would examine whether the bonus scheme breaches  legislation. Photograph: Frank Miller

The bonuses the Central Bank is giving to around 30 of its staff amount to more than 21 per cent of the €67,000 to €84,000 salaries that they are pai(...)

Central Bank: has confirmed about 30 of its staff are receiving “retention payments” worth 21 per cent of their salary. Photograph: Matt Kavanagh

The Government insisted last night that the Central Bank “must continue to operate” under the rules of the Fempi legislation that limits public sec(...)

 Chairman of the Public Accounts Committee John McGuinness outside Leinster House. File photograph: David Sleator/The Irish Times

The chairman of the Public Accounts Committee (PAC) has warned of signs of a “blank cheque” for funding of forthcoming State inquiries despite the fin(...)

The new governor of the Central Bank of Ireland is Dr Philip Lane (46), Whately professor of political economy at Trinity College Dublin. (Photograph: Eric Luke / The Irish Times)

The Government has nominated economist Prof Philip Lane to succeed Patrick Honohan as governor of the Central Bank. Prof Lane (46) is the Whately cha(...)

Michael Noonan: expected to go to Cabinet on Tuesday with a recommendation. Photograph: Alan Betson

Minister for Finance Michael Noonan is expected to go to Cabinet on Tuesday with a recommendation on a successor to outgoing Central Bank governor Pat(...)

The nomination of a successor to outgoing governor Patrick Honohan is expected to be settled shortly

Bookmaker Paddy Power has suspending betting on the next Central Bank governor following a rush of bets for Robert Watt. Mr Watt, currently secretary(...)

‘The crisis may be over, but there are huge problems to be faced in the banking and financial sector and a big job to be done in managing relationships with Frankfurt.’ Above, the  European Central Bank   in Frankfurt. Photograph: EPA/FREDRIK VON ERICHSEN

A boffin or a bureaucrat? A banker or a bean counter? The debate is on about what kind of person is needed as the new governor of the Central Bank, to(...)

Brian Purcell, who asked to be moved from the position of secretary general in the Department of Justice in July 2014. Photograph: Frank Miller

None of the applicants for the vacant role of secretary general of the Department of Justice qualified for a second interview, it has emerged. Ther(...)

 Minister for Public Expenditure  Brendan Howlin. Photograph: Eric Luke/The Irish Times

Minister for Public Expenditure Brendan Howlin has reacted coolly to Minister for Health Leo Varadkar’s call for an extra €1 billion to meet existing (...)