The Central Bank of Ireland is preparing an approach to attract " a significant number " of London - based financial services companies looking to move operations to Dublin after a possible " hard Brexit " , according to Gerry Cross , the bank 's director of policy and risk . ‘Grandfathering’ is not the most helpful concept in this context; rather it is about having a practical approach while meeting our regulatory obligations.” Cross added the bank will need to address sequencing challenges and introduce supervisory measures to help 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 reported last year .
The Central Bank of Ireland is preparing an approach to attract " a significant number " of London - based financial services companies 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 help 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 reported last year .