Brexit effect is forcing Central Bank to make ‘hard choices’

Surge in firms looking to relocate has put huge pressure on regulator, causing delays to other work

Central Bank deputy governor Ed Sibley

Brexit has forced the Central Bank to make “hard choices” about where its resources are best used, and this has resulted in the regulator’s supervisory work being delayed in some areas.

The bank has experienced a surge in firms looking to move to Ireland as a result of Brexit since the referendum result, which has stretched its resources and forced it to prioritise its authorisation work over other areas.

Central Bank deputy governor ...