Navigating legal challenges in central banking: governance, climate, and innovation

Diarmuid has spent a considerable part of his career working on and writing about financial resilience and the operational aspects of central banking, and he has worked across the globe with many central banks and national supervisory and resolution authorities.  

Diarmuid began his central banking career at the Central Bank of Ireland (CBI) and was part of the team that played a key role in the CBI’s response to the Irish financial crisis. Diarmuid has also worked in the market operations area of the European Central bank and spent several years at the International Monetary Fund (IMF), in both the central banking and crisis management areas, where he participated in the IMF’s technical assistance and Financial Sector Assessment Program (FSAP) work. Having returned to the CBI in 2018, Diarmuid took over responsibility for Brexit and fintech related banking/payment institution/e-money authorisations and banking contingency planning, establishing a new unit. In 2020, Diarmuid undertook a fellowship program with the Financial Stability Institute at the Bank for International Settlements in Basel focusing on crisis management issues.

In late 2021 Diarmuid commenced a secondment to the EU Commission, where he is now part of the Commission’s team responsible for implementing its published Renewed Sustainable Finance Strategy where his focus continues to be on financial resilience issues.

Diarmuid also co-leads the development and delivery of a dedicated comparative central banking module as part of a new online Global Central Banking and Financial Regulation master’s degree course with Warwick Business School (and in partnership with the Bank of England).

Eamonn is Director of Ardhill Advisory LTD, an independent consulting firm focused on advising financial institutions, central banks, national authorities and international organisations, including the International Monetary Fund, on financial stability policy. This includes advising on prudential regulation, bank resolution, central bank liquidity and crisis management.

Between 2020 and 2022, Eamonn was a senior advisor to the Bank of England (BoE), leading a resolution planning team for a large UK bank as part of the BoE's Resolvability Assessment Framework, contributing to UK resolution policy development and cross-border cooperation with international authorities on resolution issues.

From 2016 and 2019, Eamonn was Head of the Resolution Office at the Hong Kong Monetary Authority (HKMA). During this time, he was responsible for leading the development of the domestic statutory/regulatory resolution regime for all Hong Kong banks, leading resolution planning for banks in Hong Kong, often in close cooperation with foreign authorities, and contributing to the international cross-border resolution policy framework and resolution plans for global banks through his work as a member of the Financial Stability Board committees and for the cooperative organization of East Asia-Pacific Central Banks (EMEAP).

Before joining the HKMA, Eamonn worked on financial stability topics, including bank resolution at the Bank of England for 4 years. He was also a senior policy advisor to the Chancellor of the Exchequer at HM Treasury (HMT) for 7 years. At HMT he worked at the centre of the UK’s policy and strategic response to the financial crisis, both managing bank failure and the policy response to the Too-Big-To-Fail problem.

In his early career, Eamonn was a diplomat in Washington DC, covering EU foreign policy and trade issues.

Dr. Katarzyna Parchimowicz is Assistant Professor at the Academic Excellence Hub – Digital Justice Center (University of Wroclaw), Associate Researcher at the European Banking Institute and Research Associate at the Amsterdam Center for Law & Economics. She holds a PhD in law from University of Wrocław and master’s in law and finance from Goethe University Frankfurt. Her research focuses on international and EU financial regulation, especially the regulation of global systemically important banks and new technologies in financial system. She is the author of The Regulation of Megabanks. Legal Frameworks of the USA and EU (Routledge, 2023) and awardee of ECB Legal Research Programme 2022.

Adrian is a Senior Consulting Counsel in the FF Division. A national of Romania, Mr. Dumitrescu Pasecinic worked at the European Commission as Legal Counsel focusing on Monetary and Central Bank Law and Digital Currency. Prior to this Mr. Dumitrescu Pasecinic worked as a Legal Officer in the Legal Department of the European Banking Authority. Additionally, Mr. Dumitrescu Pasecinic held such positions as a Counsellor to the Legal Department, as Head of the European and International Law Unit, Senior Legal Counsel and Legal Counsel at the National Bank of Romania. Mr. Dumitrescu Pasecinic received his Masters degree from the University of Bucharest, Faculty of Law, Romania, and his PhD from the West University of Timisoara, Romania. Mr. Dumitrescu Pasecinic can be contacted via email at adumitrescupaseci@imf.org.