Philip Lane beat out over 100 people to become Patrick Honohan's successor as Central Bank Governor. Economic Editor Arthur Beesley joins Ciarán to discuss what expertise the Harvard graduate brings to the table, and how he can manage the institution's transition to normality, its increased regulatory workload and political opposition to that pesky mortgage cap.

In part two Laura Slattery explains why ITV's purchase of UTV is bad news for UTV Ireland, and what it means for TV3 and our continued access to Downton Abbey and Corrie. Plus, who is in the running to become RTÉ's next Director General.