Honohan: Why I am quitting bank role
Central Bank Governor Patrick Honohan conceded he is an "ideas man not an implementation man" in a personal video message to staff announcing his decision to retire before the end of the year.
Mr Honohan, who announced his shock retirement in April, admitted he knows more about economic policy than he does about the Central Bank's management and reward structures.
In the video, which was released under the Freedom of Information Act, Mr Honohan said he was reluctant to say the financial crisis is over, but said the "storm has passed".
It came as new figures showed close to 38,000 residential mortgage accounts are now more than two years behind on their repayments.
This represents close to one in 20 of all mortgages, with arrears of €52,400 on average.
The ongoing trend was described as a "travesty".