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Minister for Finance appoints members of Central Bank Commission


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davidcochrane
Brian Lenihan, the Minister for Finance, has appointed 5 new members of the Central Bank Commission effective from Friday. Their terms of office will stagger to allow for future appointments to be filled at different times.

  • Professor John Fitzgerald (5 years) - Research Professor at ESRI
  • Mr. Max Watson (5 years) - Recently conducted work for the Irish Government on banking
  • Mr. Michael Soden (4 years) - Former Bank of Ireland Chief
  • Mr. Des Geraghty (4 years) - Former Head of SIPTU and politician
  • Professor Blanaid Clarke (3 years) - Associate Professor in Corporate Law at UCD
The following will also sit on the commission ex officio of their roles

  • Professor Patrick Honohan (Governor)
  • Mr. Matthew Elderfield (Head of Financial Regulation)
  • Mr. Tony Grimes (Head of Central Banking)
  • Mr. Kevin Cardiff (Secretary General of the Department of Finance)
 

hellsbells

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Joined
Mar 8, 2009
Messages
2,031
Brian Lenihan, the Minister for Finance, has appointed 5 new members of the Central Bank Commission effective from Friday. Their terms of office will stagger to allow for future appointments to be filled at different times.

  • Professor John Fitzgerald (5 years) - Research Professor at ESRI
  • Mr. Max Watson (5 years) - Recently conducted work for the Irish Government on banking
  • Mr. Michael Soden (4 years) - Former Bank of Ireland Chief
  • Mr. Des Geraghty (4 years) - Former Head of SIPTU and politician
  • Professor Blanaid Clarke (3 years) - Associate Professor in Corporate Law at UCD
The following will also sit on the commission ex officio of their roles

  • Professor Patrick Honohan (Governor)
  • Mr. Matthew Elderfield (Head of Financial Regulation)
  • Mr. Tony Grimes (Head of Central Banking)
  • Mr. Kevin Cardiff (Secretary General of the Department of Finance)
Nice tight knit community .
 

johnfás

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Joined
Feb 22, 2007
Messages
2,727
Blanaid Clarke is a good appointment - shes got her head screwed on properly.
 

Tomas Mor

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Feb 22, 2010
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adrem

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Joined
May 27, 2004
Messages
924
Brian Lenihan, the Minister for Finance, has appointed 5 new members of the Central Bank Commission effective from Friday. Their terms of office will stagger to allow for future appointments to be filled at different times.

  • Professor John Fitzgerald (5 years) - Research Professor at ESRI
  • Mr. Max Watson (5 years) - Recently conducted work for the Irish Government on banking
  • Mr. Michael Soden (4 years) - Former Bank of Ireland Chief
  • Mr. Des Geraghty (4 years) - Former Head of SIPTU and politician
  • Professor Blanaid Clarke (3 years) - Associate Professor in Corporate Law at UCD
The following will also sit on the commission ex officio of their roles

  • Professor Patrick Honohan (Governor)
  • Mr. Matthew Elderfield (Head of Financial Regulation)
  • Mr. Tony Grimes (Head of Central Banking)
  • Mr. Kevin Cardiff (Secretary General of the Department of Finance)
OK so lets look at them -

John Fitzgerald - economist, well respected academic
Max Watson - internationally renowned banking expert, ex-IMF, author of report on our mess of a banking crisis
Michael Soden - lots of international banking experience, ex head of BoI
Des Geraghty - head of SIPTU 1999-2004, appointed to European parliament - ran in a number of elections (Europe and Seanad) but not elected. Previous member of Democratic Left, previous Director of FAS
Blanaid Clarke - lawyer, well respected academic

The ex officio ones all make sense. Only one I don't understand is Geraghty? Anyone know what he brings to this group?
 

stonethrower

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Joined
Jan 2, 2006
Messages
276
OK so lets look at them -

John Fitzgerald - economist, well respected academic
Max Watson - internationally renowned banking expert, ex-IMF, author of report on our mess of a banking crisis
Michael Soden - lots of international banking experience, ex head of BoI
Des Geraghty - head of SIPTU 1999-2004, appointed to European parliament - ran in a number of elections (Europe and Seanad) but not elected. Previous member of Democratic Left, previous Director of FAS
Blanaid Clarke - lawyer, well respected academic

The ex officio ones all make sense. Only one I don't understand is Geraghty? Anyone know what he brings to this group?
In jest I would say Geraghty brings a bleeding heart. He has a lot of expertise on many things, but on finance and banking I am not so sure. Mainly there because they wouldn't want to be accused of appointing all capitalist banking/business heads. I am dissapointed there is no representative of consumer interests there, no surprise though, the role of the ordinary punter is to pay the bill and keep quiet.
 

TODevastated

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Joined
Oct 9, 2009
Messages
1,334
OK so lets look at them -

John Fitzgerald - economist, well respected academic
Max Watson - internationally renowned banking expert, ex-IMF, author of report on our mess of a banking crisis
Michael Soden - lots of international banking experience, ex head of BoI
Des Geraghty - head of SIPTU 1999-2004, appointed to European parliament - ran in a number of elections (Europe and Seanad) but not elected. Previous member of Democratic Left, previous Director of FAS
Blanaid Clarke - lawyer, well respected academic

The ex officio ones all make sense. Only one I don't understand is Geraghty? Anyone know what he brings to this group?
in a word NOTHING

(he was a Director of FAS after all-asleep at the wheel)
 

Pabilito

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Joined
Feb 24, 2008
Messages
5,596
Interesting coincidence that former Labour candidate Des Geraghty is chosen for a banking role for which he has no experience whilst Labour “cuddles” up to Fiana Fail over Dail pairing.
 
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