Central Bank: Financial sector ready for Brexit

Irish financial services firms are fully prepared for the short-term consequences of a Brexit, the Central Bank has said.

At yesterday’s launch of the Central Bank’s latest macro-financial review, deputy governor Sharon Donnery said that the regulator has been engaging with financial sector firms to “assess their preparedness for the risk associated with Brexit”.

When asked what level of readiness has been found, Ms Donnery replied that the Central Bank is “satisfied all short-term contingencies have been prepared for” and that the bank does not have any huge concerns about firms struggling should Britain leave.