Sunday 22 October 2017

Editorial: Post-bailout perils will be acute after Bank exodus

Financial Regulator Matthew Elderfield left the bank earlier this year
Financial Regulator Matthew Elderfield left the bank earlier this year

The haemorrhaging of talent from the Central Bank is a real cause for concern. Yesterday, Fiona Muldoon became the sixth senior executive to leave the bank in less than a year.

Financial Regulator Matthew Elderfield left the bank earlier this year, as did the bank's chief economist, head of compliance, registrar of credit unions and head of operations.

Their departures come at a crucial juncture for the country. As a nation we are set to exit the IMF-EU bailout on December 15. Rightly or wrongly we are doing so without a safety net.

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