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. We understand each other’s roles well and their different respective natures.” Mr Cross said that while it was too early for any decisions on how banks would be affected by Brexit - which could see them lose access to European markets or face higher costs in doing business with Over 100 UK-based companies have inquired into relocating to the country after Brexit, 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. Mr Cross said that while it was too early for any decisions on how banks would be affected by Brexit - which could see them lose access to European markets or face higher costs in doing business with Over 100 UK-based companies have inquired into relocating to the country after Brexit, Ireland's Industrial Development Agency said last week.