I would like to thank Francesca McDonagh for the invitation.1 2 I strongly believe that diversity in all its forms is important, and that there remains a serious deficit in diversity of background, experience, and, critically, thinking at senior levels in financial services in Ireland. This needs to change.
In particular, the growing role of pan-African banks means that our financial systems are getting interlinked at a pace that creates special challenges to bank supervisors. In particular, capacity challenges have become acute over the past ten years or so. Central Banks have found it hard to retain supervisory skills against the back drop of competitive remuneration packages in the private sector.