Appointment of Irish bank staffer branded 'farce'

The appointment of a second Irish central bank executive to a key post in the new Irish Financial Services Regulatory Authority (IFSRA) has been criticised as a "farce and a disgrace".

Former head of regulatory enforcement at the Central Bank, Mary O'Dea, has been appointed consumer director of the new financial services watchdog.

Ms O'Dea has worked at the Bank for 16 years. Her selection follows the appointment of former senior Central Banker Liam O'Reilly as chief executive of IFSRA.

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