DUBLIN (Reuters) - Ireland’s central bank expects to see an increase in Brexit-related authorisations from financial services firms looking to set to set up in the country or extend their current operations, governor Philip Lane said on Wednesday.
“Many types of entities - including banks; insurance companies; asset management firms; and payments and electronic money institutions - have made applications to the Central Bank of Ireland,” Lane told a financial conference.
“The potential activities range from: broker dealers; trading venues; electronic money institutions; commercial insurance; and retail insurance. We expect the current levels of authorisation and supervisory engagements with firms to increase further.”
Reporting by Padraic Halpin; Editing by Robin Pomeroy