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Central bankers certainly like to march in lockstep. The imminent departure of Ed Sibley as deputy governor of the Central Bank of Ireland comes as other regulatory heavyweights change jobs. I hear that Matthew Elderfield, who was one of Sibley’s predecessors as No 2 at the Bank, has packed in his job at Nordea, the biggest bank in the Scandi region.
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Elderfield headed up regulation and was deputy governor until 2013, presiding over the Quinn Insurance investigation and the fallout from the banking crash. Having prevented the banks from falling over, he left to join Lloyds Bank as its head of compliance, conduct and operational risk. I’m told he’s leaving his job as head of risk at Nordea on April 1, and heading back to
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