Brexit: A dozen London firms, banks moving to Dublin, IDA head of International Financial Services Kieron Donoghue, says
Irish authorities say they have clinched deals with more than a dozen London-based banks and finance houses to move some of their operations to Dublin in preparation for Brexit.
As Dublin continues to battle with Frankfurt, Luxembourg and Paris for the Brexit spoils, the head of international financial services at Ireland’s Industrial Development Authority said definitive decisions had now been taken on an Irish location by these firms.
Kieran Donoghue said these included “one American bank” with each firm looking at offices ranging in size from 10 to 500 staff.
All banks and financial services operations are obliged by regulators to be “day one ready” for Brexit at the end of March 2019. But with the time needed for banking licence applications, securing real estate, trading floors and having credit ratings in place by then, contingency plans need to be complete in the next few weeks.
The Bank of England has told financial firms to provide it with details of their Brexit plans by July 14th and to be ready for all possible outcomes, including a hard Brexit.
Mr Donoghue said the IDA had fielded more than 80 inquiries since the referendum last June.
https://www.irishtimes.com/business/financial-services/brexit-a-dozen-london-firms-banks-moving-to-dublin-ida-says-1.3138874
As Dublin continues to battle with Frankfurt, Luxembourg and Paris for the Brexit spoils, the head of international financial services at Ireland’s Industrial Development Authority said definitive decisions had now been taken on an Irish location by these firms.
Kieran Donoghue said these included “one American bank” with each firm looking at offices ranging in size from 10 to 500 staff.
All banks and financial services operations are obliged by regulators to be “day one ready” for Brexit at the end of March 2019. But with the time needed for banking licence applications, securing real estate, trading floors and having credit ratings in place by then, contingency plans need to be complete in the next few weeks.
The Bank of England has told financial firms to provide it with details of their Brexit plans by July 14th and to be ready for all possible outcomes, including a hard Brexit.
Mr Donoghue said the IDA had fielded more than 80 inquiries since the referendum last June.
https://www.irishtimes.com/business/financial-services/brexit-a-dozen-london-firms-banks-moving-to-dublin-ida-says-1.3138874
Irish authorities say they have clinched deals with more than a dozen London-based banks and finance houses to move some of their operations to Dublin in preparation for Brexit.
As Dublin continues to battle with Frankfurt, Luxembourg and Paris for the Brexit spoils, the head of international financial services at Ireland’s Industrial Development Authority said definitive decisions had now been taken on an Irish location by these firms.
Kieran Donoghue said these included “one American bank” with each firm looking at offices ranging in size from 10 to 500 staff.
All banks and financial services operations are obliged by regulators to be “day one ready” for Brexit at the end of March 2019. But with the time needed for banking licence applications, securing real estate, trading floors and having credit ratings in place by then, contingency plans need to be complete in the next few weeks.
The Bank of England has told financial firms to provide it with details of their Brexit plans by July 14th and to be ready for all possible outcomes, including a hard Brexit.
Mr Donoghue said the IDA had fielded more than 80 inquiries since the referendum last June.
https://www.irishtimes.com/business/financial-services/brexit-a-dozen-london-firms-banks-moving-to-dublin-ida-says-1.3138874
As Dublin continues to battle with Frankfurt, Luxembourg and Paris for the Brexit spoils, the head of international financial services at Ireland’s Industrial Development Authority said definitive decisions had now been taken on an Irish location by these firms.
Kieran Donoghue said these included “one American bank” with each firm looking at offices ranging in size from 10 to 500 staff.
All banks and financial services operations are obliged by regulators to be “day one ready” for Brexit at the end of March 2019. But with the time needed for banking licence applications, securing real estate, trading floors and having credit ratings in place by then, contingency plans need to be complete in the next few weeks.
The Bank of England has told financial firms to provide it with details of their Brexit plans by July 14th and to be ready for all possible outcomes, including a hard Brexit.
Mr Donoghue said the IDA had fielded more than 80 inquiries since the referendum last June.
https://www.irishtimes.com/business/financial-services/brexit-a-dozen-london-firms-banks-moving-to-dublin-ida-says-1.3138874
30.06.2017
