The Central Bank has named its new head of financial supervision, with Matthew Elderfield stepping in to the role.
Mr Elderfield is currently chief executive of the Bermuda Monetary Authority (BMA), and will take up his new position in January 2010.
He will be responsible for all regulatory activities in the Central Bank.
The appointment was welcomed by the Minister for Finance.
Announcing Mr Elderfield's appointment today, Central Bank Governor, Patrick Honohan said he was delighted to welcome him to the role.
"He has very extensive experience of financial supervision and he has the qualities that are ideally suited to this very challenging role," he said.
"We look forward to working with him as we re-shape the financial regulatory system in Ireland."
Mr Elderfield has been chief executive of the BMA since 2007. Prior to that he worked in a variety of roles within the UK Financial Services Authority. He also worked with the International Swaps and Derivatives Association (ISDA), the London Investment Banking Association, the British Bankers Association and Washington-DC based consultancy firm the Institute for Strategy Development.