Central Bank: Influx of Brexit firms will pose risks

The deputy head of the Central Bank said any influx of financial services firms to Dublin, arising out of Brexit, could pose “a broad range” of risks to the Irish economy.

Speaking at the Irish Centre for European Law in Dublin yesterday, Sharon Donnery poured cold water on the idea of Dublin — or any other EU city — becoming “a new London” in terms of hoovering up the vast majority of financial services jobs from firms looking to leave the English capital in search of a new EU home.

She, however, added any new business that does come in will provide pros and cons for the Irish economy.