Ireland has named Cyril Roux, a senior official at France's Prudential Supervisory Authority, as its financial regulator. Roux will succeed Matthew Elderfield, a Briton who is stepping down. "There is certainly a very strong signal being sent by appointing someone from outside of Ireland, a signal that can be read by banks in Ireland and externally by foreign investors," said Constantin Gurdgiev, a lecturer in finance at Trinity College. "It's a welcome appointment because it continues the record of having an independent regulator, someone who is an outsider to the Irish system."

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