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Frenchman becomes Ireland's top regulator

Chris Hamblin, Clearview Publishing, 14 November 2013

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Ireland's banking regulator, the Central Bank of Ireland, has appointed a French regulator as its deputy governor of financial regulation.

Ireland's banking regulator, the Central Bank of Ireland, has appointed a French regulator as its deputy governor of financial regulation.

Cyril Roux succeeded Matthew Elderfield with a brief to transform the country's regulatory regime. His salary, according to the Irish Times, is €310,000 - slightly less than his predecessor's because of a government-wide economy drive. Up until this month he was the first deputy secretary general of the Autorité de Contrôle Prudentiel et de Résolution, the prudential regulator for banks and insurance companies in France.

Before his life as a regulator, Roux worked at AXA SA, the French global investment, retirement, and insurance group headquartered in the 8th arrondissement of Paris. The AXA Group encompasses five operating business segments: life & savings; property & casualty; international insurance (including reinsurance); asset management; and other financial services.

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