Business Irish

Sunday 22 October 2017

Journalist new chairwoman of financial watchdog board

Donal O'Donovan

Donal O'Donovan

Former Irish Independent journalist Maeve Dineen has been appointed chairwoman of the Financial Services Ombudsman Council.

Financial Services Ombudsman Ger Deering's office deals independently with complaints from consumers and small businesses about financial firms.

It has been prominent in recent months dealing with fallout for consumers affected by the tracker mortgage scandal.

Minister for Finance Michael Noonan yesterday announced the appointment of four new members of the Financial Services Ombudsman Council, to replace members whose term of office has ended.

Demott M Jewell, the ceo of the Consumers' Association of Ireland (CAI), solicitor Elizabeth Walsh and Don Gallagher, the ceo of the Health Insurance Authority were also named to the board.

The appointments were made following a public competition held by the Public Appointments Service (PAS) which sought candidates with expertise in the areas of consumer protection, financial services and the pensions industry.

The Financial Services Ombudsman Council has no role with respect to how the Financial Services Ombudsman deals with individual complaints and cases.

The function of the board includes setting guidelines under which the Financial Services Ombudsman is to operate, setting levies and charges payable for the performance of the Financial Services Ombudsman, appointment of the Financial Services Ombudsman and advising the minister and the Financial Services Ombudsman.

Ms Dineen is a former business editor and farming editor at the Irish Independent, and previously presented RTÉ's 'Ear to the Ground'.

Irish Independent

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