Central Bank vows Irish banks in good shape to face even hardest of Brexits

A hard or soft Brexit will affect parts or all of the Irish economy but Irish banks are in good shape and insurance customers will be protected to survive any fallout, the deputy governor of the Central Bank has said.

Ed Sibley said it is was working with the Department of Finance to plan legislation to allow insurers based in the UK and Gibraltar to continue to trade and honour policies but not to write new business, in the event of Britain crashing out of the EU.