Brexit - Central Bank Of Ireland Issues FAQ Paper

W
Walkers

Contributor

Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
The Central Bank of Ireland has published a Brexit FAQ paper in which it provides general information to financial services firms considering relocating their operations from the UK to Ireland.
Ireland Finance and Banking

The Central Bank of Ireland (the "CBI") has published a Brexit FAQ paper (click here) in which it provides general information to financial services firms considering relocating their operations from the UK to Ireland.

The paper provides a useful high level overview on the CBI's mandate, the licensing process and the role of EU authorities.

The CBI's statements on its positions on substance, outsourcing, "dual-hatting", centralised risk management and capital requirements are likely to be of most interest to firms considering potential relocation.

The CBI's position on these issues is consistent with the various opinions and public statements issued by the EU authorities in recent months and much of the content of the FAQ has already been flagged by the CBI in previous public communications. Notwithstanding this, the paper should prove to be a useful reference point for financial services firms considering their Brexit options.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More