Central Bank ready for large number of firms escaping Brexit

Significant increase expected in the number of financial services firms granted authorisation; Businesses wishing to relocate funds here must put down roots in country, warns senior official

30th September, 2018
Central Bank ups growth forecasts again

A senior Central Bank official has signalled that there will be a “significant increase” in authorisation of financial services firms in the coming weeks.

In a speech last week to an IDA event in New York, the bank’s director of asset management supervision, Michael Hodson, said that as the deadline for Britain’s exit from the European Union loomed, Ireland’s financial regulator was preparing to greenlight large numbers of investments....

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