The Central Bank has announced two senior leadership appointments as part of its restructuring of financial regulation.

Ed Sibley is the new Deputy Governor for Prudential Regulation, while Derville Rowland has been appointed as Director General, Financial Conduct.

As Deputy Governor, Prudential Regulation, Mr Sibley will be responsible for the supervision of credit institutions, insurance firms and the asset management industry.

Prior to this appointment, he was Director of Credit Institutions Supervision, responsible for overseeing the Central Bank's supervisory work for all banks and credit unions operating in Ireland.

He joined the Central Bank in 2012 in the banking supervision area.

In her new role, Ms Rowland will be responsible for consumer protection, securities and markets supervision, and enforcement.

Prior to this appointment, she was director of enforcement, responsible for investigations and enforcement of issues across all regulated sectors. She joined the Central Bank in 2004.

Governor Philip Lane said "both appointees bring a wealth of experience in financial regulation to these new roles and have had highly distinguished careers to date.

"The appointments and the restructuring of financial regulation will provide the Central Bank with strong foundations to carry out its vital financial regulatory mandate in line with our mission to safeguard stability and protect consumers," he added.