Central Bank poised to attract Brexit firms

The Central Bank has begun laying the groundwork to accommodate a significant number of London-based financial services firms looking to move their operations to Dublin in the wake of Brexit.

Gerry Cross, the director of policy and risk, said the bank is poised to help businesses “think constructively” about relocation and would take a practical approach as firms look to get their business models approved and their company authorised.

Speaking to the Press Association, Mr Cross said the Bank had seen interest from a significant number of firms. “We have seen inquiries and interest from a significant number of firms. These firms are of many different types and cover a wide range of activities.