The Central Bank of Ireland is preparing an approach to accommodate "a significant number" of Brexit -based financial services firms looking to move operations to Brexit after a possible "hard Brexit ", according to Gerry Cross , the bank's director of policy and risk. Cross added the bank will need to address sequencing challenges and introduce supervisory measures to ensure relocated companies comply with regulatory obligations. Over over 100 Dublin -based companies have inquired into relocating to the country after Ireland , Ireland 's Industrial Development Agency said last week .
The Central Bank of Ireland is preparing an approach to accommodate "a significant number" of London-based financial services firms looking to move operations to Dublin after a possible "hard Brexit", according to Gerry Cross, the bank's director of policy and risk. Cross added the bank will need to address sequencing challenges and introduce supervisory measures to ensure relocated companies comply with regulatory obligations. Over 100 UK-based companies have inquired into relocating to the country after Brexit, Ireland's Industrial Development Agency said last week.