Patrick Honohan, the central bank governor who oversaw the rescue and restructuring of the banks after they nearly collapsed, has confirmed that he will resign from his position towards the end of the year.
Speaking at the publication of the Central Bank’s annual report, Honohan (65) said there was no row behind his departure but it was a “good time to go” and he was “not getting any younger”.
Honohan said the crisis management phase in the bank was over and it was now moving into a time of repair, a “new chapter”. He also said he wanted to give policymakers time to find his successor.
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