Irish central bank appoints new financial regulator from Banque de France

The Irish central bank has appointed Cyril Roux as deputy governor of financial regulation to replace Matthew Elderfield.

Roux will join from the Banque de France, where he holds the position of first deputy secretary general of the French prudential supervisory authority for banks and insurance companies (Autorité de Contrôle Prudentiel et de Résolution) – a position he has held since 2010.

The Bank’s governor Patrick Honohan, said:

I am pleased to welcome Cyril Roux to the Central Bank. His very extensive relevant experience and skills are particularly suited to this challenging role. I look forward to working with him, along with the rest of the regulatory team, as we continue to develop the financial regulatory system in Ireland.

Roux added:

I’m honoured by this appointment and very aware that restoring the Irish economy to full health requires effective financial supervision. I’m looking forward to joining the Central Bank with that purpose in mind and to take up where Matthew Elderfield is leaving off.

Roux has held senior positions within the French treasury and spent ten years at AXA.

He will take up the new position on 1 October 2013.