Lloyds Banking Group is reported to be in talks to hire Matthew Elderfield, who last week announced he is to leave his role as the Central Bank’s deputy governor.
According to Bloomberg, Mr Elderfield could take up a senior position in compliance at the bank when he finishes with his role in Ireland in six months.
The news agency said that Mr Elderfield, Lloyds and the Central Bank all declined to comment on the story.
Mr Elderfield took up his position in the Central Bank in January 2010.
He was previously the chief executive of the Bermuda Monetary Authority from June 2007 and also worked at the UK Financial Services Authority for eight years.
At the time of his resignation announcement, it was revealed that Mr Elderfield would waive his €100,000 end-of-contract bonus entitlement.
He also immediately stepped away from his supervisory role, as well as any other areas where a conflict could be perceived.
During his time as regulator, Mr Elderfield introduced stiffer fines for financial irregularities and boosted staff numbers at the regulator, which he said was surprisingly poorly resourced when he arrived.
He also called for a re-evaluation of financial crime laws, saying delays in prosecuting those involved in the collapse of the banks were undermining public confidence.
Last month he announced binding deadlines for banks to address troubled mortgages, saying it would force them to write down the value of housing loans if measures proposed were deemed unsustainable.
