The restructuring reflects the considerable growth in the Central Bank’s mandate. More fundamentally, the change reflects the critical importance of our financial conduct mandate, the ongoing evolution and increasing complexity of Ireland as a financial services centre, and a strengthening of our approach to conduct supervision, over and above our longstanding work on, and commitment to, consumer protection.
As the two pillars forge their identities, I hope that you will see them working as equal partners driving delivery of: 1. Our mandate of safeguarding stability and protecting consumers; and 2. The Central Bank’s vision of a well-managed and well-regulated financial services system that serves the needs of the economy and its customers over the long term.