Wednesday 20 September 2017

Civil servant to head up Dept of Finance's banking policy

Thomas Molloy

Thomas Molloy

THE Department of Finance has tapped a career civil servant to oversee banking policy.

John Hogan, who is in his 40s, will serve as the department's first head of banking policy in the department's financial services division, a spokesman said yesterday.

He was picked from around 30 applicants after a search inside and outside the department.

Around three-quarters of the applicants came from the private sector, the spokesman added.

Mr Hogan, who helped draw up the government report into mortgage arrears, will be responsible for developing and delivering policy in areas such as lending to companies, mortgage arrears and consumer issues.

Revamp

The new post was created as part of a revamp of the department announced by recently appointed secretary general John Moran in May. That revamp is now complete.

Banking policy is one of the few areas that remains part of the Department of Finance's remit.

Other fields such as economic policy and privatisations, which were once part of the Department of Finance's responsibilities, have now been handed to different agencies.

Responsibility for the banking sector, which is now largely in state hands, was initially handed to the National Treasury Management Agency but has since been returned to the department.

Mr Hogan has served in the financial service division since 2009 and previously worked in the financial stability section.

The civil servant has experience of financial services issues at EU level, having worked in Brussels for a number of years, the department adds.

Irish Independent

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