The Government is to appoint of new director of financial supervision in the coming weeks, Taoiseach Brian Cowen told the Dáil this morning.
The position has been created as part of the new regulatory body that will be formed following the merger of the Central Bank and the Financial Regulator to create the Central Banking of Ireland Commission.
Prof Patrick Honohan, a leading academic economist, will take over as Central Bank governor later this month and will head up the new agency.
"A director of financial supervision will be appointed in the coming weeks," Mr Cowen told the Dáil, a day after Minister for Finance Brian Lenihan outlined the cost of the Government’s Nama plan.
"This person will be a high-calibre individual with a high level of expertise and market knowledge and extensive experience," Mr Cowen added.
