Latest news with #DervilleRowland
Irish Times
11 hours ago
- Business
- Irish Times
The Irish Times Business Person of the Month: Derville Rowland, Amla
Derville Rowland , a former deputy governor of the Central Bank of Ireland, has been chosen as The Irish Times Businessperson of the Month for May, an award run in association with Bank of Ireland . The Irish woman was appointed during the month to the plum role of executive board member of the European Union's (EU) newly-established Anti-Money Laundering Authority (Amla), based in Frankfurt. Amla will co-ordinate national authorities to supervise the application of legislation on anti-money laundering and the countering of financing of terrorism. First conceived in 2021, the new agency effectively starts its work this summer, by consulting on implementing rules and appointing an executive director. READ MORE It expects to have a staff of 80 by the end of this year before gradually ramping up its activities in 2026. Its staff numbers are expected to increase to 430 by the end of 2027 and it will be fully operational and begin its direct supervision work in January 2028. As noted by Central Bank of Ireland governor Gabriel Makhlouf, Amla's 'mission is critical to the integrity of the EU's financial system'. He said Rowland's appointment reflected her 'significant contribution to the Central Bank's public service mission over the last 20 years'. In reacting to her appointment, Rowland said she was 'acutely conscious of the urgency of Amla's task to make our financial system cleaner, our economy more resilient' by ensuring that 'money laundering and terrorist financing are systematically combatted'. A barrister by profession, Rowland spent 21 years with the Central Bank before moving to Amla.
Business Post
23-05-2025
- Business
- Business Post
Eurozone wage growth plunges, as ECB rate cut decision nears
Growth in wages in the euro-area rose by just 2.4 per cent in the first three months... The former Irish arm of consumer goods giant Procter & Gamble (P&G) paid... Irish startups are ahead of the EU average in implementing AI into their businesses,... Derville Rowland, the deputy governor of the Central Bank of Ireland (CBI), has... US applications for British citizenship hit a record high during the first few months... Bulgaria is close to clearing a major hurdle toward euro adoption, putting the Black... German chancellor Friedrich Merz is 'actively' backing a proposed EU ban on the...
RTÉ News
23-05-2025
- Business
- RTÉ News
Central Bank's Rowland to join new Anti-Money Laundering Authority
The Central Bank has confirmed that Derville Rowland, Deputy Governor Consumer and Investor Protection at the bank, will join the newly established Anti-Money Laundering Authority (AMLA). The AMLA is a new EU agency that will transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs). Derville Rowland joined the Central Bank 21 years ago and has held a number of senior roles there, including the Director of Enforcement and Anti-Money Laundering, the Director-General of Financial Conduct and most recently as the Deputy Governor (Consumer and Investor Protection). Before joining the Central Bank, she practiced as a barrister in the UK, where she completed a Bachelor of Law Degree and barrister's training (Inns of Court School of Law) in London. Subsequently she obtained a Barrister-at-Law degree from Kings Inns in Dublin and a Diploma in Applied Finance Law. Central Bank Governor Gabriel Makhlouf said that AMLA's mission is critical to the integrity of the EU's financial system and its citizens, and it is imperative that it delivers. As a component part of AMLA, the Central Bank will contribute fully to these objectives, in line with our work across the European system, he added. "Derville's appointment to this role is a testament not only to the high regard in which she is held but also to the strong track record of the Central Bank at a European level," he said. "I want to thank Derville for her significant contribution to the Central Bank's public service mission over the last 20 years," he added. Deputy Governor Derville Rowland said she was acutely conscious of the urgency of AMLA's task to make the financial system cleaner, the economy more resilient and people safer. "For our financial system to be trustworthy, it will need a collective and unyielding European response, to ensure that money laundering and terrorist financing are systematically combatted," she said. "I look forward to helping to lead that work. It has been a privilege to work for the Central Bank and with colleagues dedicated to delivering on our mandate in the public good," she added. The Central Bank said the recruitment process to fill the role of Deputy Governor Consumer and Investor Protection is ongoing. In the interim, Deputy Governor for Financial Regulation, Mary-Elizabeth McMunn, will assume the Consumer and Investor Protection responsibilities.
Irish Times
23-05-2025
- Business
- Irish Times
Central Bank's Derville Rowland to join EU anti-money laundering agency
Central Bank of Ireland deputy governor Derville Rowland has been confirmed to join the executive board of the European Union's new Anti-Money Laundering Agency (AMLA). Ms Rowland will be one of five executive board members at the Frankfurt-based agency and will leave her role with the Irish regulator, where she is responsible for consumer and investor protection. The Central Bank said the recruitment process to find her replacement is ongoing. In the meantime, deputy governor for financial regulation Mary-Elizabet McMunn will take on Ms Rowland's former role. Ms Rowland said she was proud to be appointed to the new organisation, which is tasked with 'making our financial system cleaner, our economy more resilient and our people safer'. READ MORE She said: 'For our financial system to be trustworthy, it will need a collective and unyielding European response, to ensure that money laundering and terrorist financing are systematically combated. I look forward to helping to lead that work.' Central Bank governor Gabriel Makhlouf said he was delighted his colleague will be joining the new EU agency. 'Derville's appointment to this role is a testament not only to the high regard in which she is held but also to the strong track record of the Central Bank at a European level,' he said. 'I want to thank Derville for her significant contribution to the Central Bank's public service mission over the last 20 years. On behalf of the Central Bank Commission and staff, I would like to wish her every success.' As a member organisation of AMLA, Mr Makhlouf said the Central Bank will contribute to its objectives. The AMLA is expected to start operations from this summer and hire an initial 80 employees by the end of this year. It will set uniform standards for compliance and supervision across the EU and serve as a data-sharing hub for national financial intelligence units. From 2028 it will directly oversee 40 of the EU's riskiest financial institutions as measured by their systemic importance and exposure to illicit finance. Ireland had bid to host the AMLA but lost out to Germany's financial capital 11 months ago. The agency is expected to have more than 400 employees by 2027. Ms Rowland has developed a high domestic profile in recent years, leading the Central Bank's tracker-mortgage examination and subsequent enforcement actions against the country's banks.
