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UK's Lloyds hires Irish regulator as compliance chief

Tue, 30th Apr 2013 09:45

LONDON, April 30 (Reuters) - Lloyds Banking Group said on Tuesday Ireland's financial regulator Matthew Elderfieldwould join the bank in October with responsibility foroverseeing all compliance and conduct risk activities.

Lloyds said Elderfield, currently deputy governor of theCentral Bank of Ireland, would become director of conduct andcompliance at the part-nationalised British lender.

Elderfield said earlier in April that he would step downfrom his role with Ireland's central bank after three years inthe job. He was hired in 2010 to overhaul a watchdog which hadfailed to rein in years of reckless lending.

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