Patrick Neary

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Patrick Neary
Occupation Former Chief Executive of Irish Financial Regulator
Location Dublin, Ireland
Website http://www.ifsra.ie

Patrick Neary [1] was the chief executive of the Irish Financial Regulator, a position he held since December 2005. He announced his retirement in January 2009. Neary served as the financial regulator's representative on the Committee of European Securities Regulators.

Neary is a fellow of the Chartered Association of Certified Accountants.

Background

Neary was accused of knowing and encouraging Anglo Irish Bank to bolster its deposits in 2009 and come up to year-end with money from Irish Life & Permanent (IL&P). In September 2009, the bank's regulatory ratio fell from €9 billion to minus €1 billion and "credit default swaps had surged to 700 basis points, a worrying sign." During that time, the bank's head of prudential supervision, Con Horan, suggested Neary knew the extent of it.[2]

Prior to assuming the role of chief executive at the Irish regulator, Neary served as prudential director of the financial regulator. He was previously head of securities and exchanges supervision and deputy head of banking supervision in the central bank, where he began his career in 1971.

Education

References

  1. News Article. Financial Regulator.
  2. When Anglo Official Told Official. Sunday Tribune.