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Senior Irish Bank Regulator Muldoon Resigns in Latest Departure

Nov. 29 (Bloomberg) -- Fiona Muldoon, head of bank supervision at the Central Bank of Ireland, resigned from her position amid a spate of departures of senior Irish regulators.

The central bank said Muldoon will remain as director of credit institutions and insurance supervision until May 1, according to an e-mailed statement. She declined to tell reporters of her future plans when speaking in Dublin today.

Muldoon is the latest top central bank regulator to announce her departure this year, following Deputy Governor Matthew Elderfield, who left for Lloyds Banking Group Plc, and fellow senior officials Jonathan McMahon, Peter Oakes and Lars Frisell. They were all hired to help shore up the regulatory regime after the near-collapse of the nation’s banking system in the wake of a real-estate slump.

“Fiona brought great leadership strengths and practical knowledge of the financial services industry to the role,” Patrick Honohan, governor of the Central Bank, said in the statement. “She has been instrumental in many of the initiatives undertaken by the bank to address the role of the regulator.”

To contact the reporter on this story: Donal Griffin in Dublin at dgriffin10@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net

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