As part of the Central Bank's ongoing engagement with external stakeholders it held a roundtable discussion on 22 May 2017 with consultants and legal experts that are working with financial services firms considering relocating activities to Ireland as a result of Brexit.
The Central Bank set out how it was responding to the challenges and risks posed by Brexit in the context of its regulatory and supervisory priorities and mandate. It also highlighted the importance of ensuring that regulatory standards are maintained and how it was contributing to the development of a European-wide approach particularly through the work of the ECB and the three European Supervisory Authorities.
The Central Bank also outlined the significant engagement it is having with potential applicants and the resources it is putting in place to deliver on its gatekeeper and supervisory mandates.
There was an open discussion on a range of issues including:
- The level and nature of engagement w