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Minister for Finance nominates Governor of the Central Bank of Ireland to ECB Executive Board
The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, today informed the Government of his decision to nominate Professor Philip Lane, Governor of the Central Bank of Ireland, to the position of Vice-President of the European Central Bank.
Professor Lane’s outstanding economic, financial and policy making record ideally position him to take a seat at the Executive Board of the European Central Bank.
His appointment as Chair of the European Systemic Risk Board (ESRB) High-Level Task Force on Safe Assets last year, his previous position as chair of the ESRB Advisory Scientific Committee and his current position as chair of the ESRB Advisory Technical Committee, demonstrate the standing he is held in at European level.
Minister Donohoe stated:
“I said that when and if Ireland puts forward a candidate to the ECB’s Executive Board, they will be an exceptionally well qualified person. There can be no doubt that Governor Lane is such a person of calibre and recognised standing.”