Applications have been processed from more than half the 100-plus financial services companies that want to set up or extend operations in Ireland because of Britain’s plans to quit the EU, the deputy governor of the Central Bank said yesterday. The number of applications rose in the second half of 2018, according the bank. They came from almost every sector, from investment to insurance to payment firms. “Since the Brexit referendum, the Central Bank has seen an increase in the number of applications for authorisation from all sectors,” Ed Sibley said. “Currently over half of the Brexit applications received have been fully processed and we expect that an additional significant number will be processed in full over the coming weeks.” Barclays, Bank of America, Standard
The majority of applications from financial services companies looking to establish operations in Ireland because of Brexit have been processed, according to the Central Bank of Ireland. The bank said it had received over 100 applications from a wide variety of financial sectors, with numbers surging in the second half of 2018. In total, there are now more than 1,000 banks and other institutions that can operate across Ireland, up from about 500 at the end of 2017.