The Deputy Governor of the Central Bank, Cyril Roux, has been elected as Chair of the Investment Management Standing Committee of the European Securities and Markets Authority (ESMA).
The appointment is for a term of two years and is effective immediately.
The Central Bank has held the chairmanship of this committee since 2012.
The committee is responsible for fostering supervisory convergence among national competent authorities, implementation of new rules and providing guidance on existing requirements for the investment funds sector.
It also provides technical advice to other European institutions, such as the European Commission.
"The Central Bank's continued occupancy of this role reflects our commitment to contribute to the current international regulatory work on asset management and financial stability, which will be an important element of ESMA's work plan in the coming period," commented Cyril Roux.
"It also reflects range and depth of knowledge in Ireland's investment funds sector and its standing in European policy forums," he added.
