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Central Bank of Ireland update on Cooperation Agreements
18 January 2019
In a speech delivered yesterday covering the Central Bank of Ireland’s Strategic Priorities, Deputy Governor Ed Sibley noted the following:
“From a regulatory perspective, it is desirable, given the size and role of London as a financial centre, that some form of sustainable link between the EU and the UK is found.
As I have already touched on, I am confident that the necessary MOUs will be in place to facilitate the continued high level of cooperation between UK and European authorities, including on a bilateral basis.
It is reasonable for firms to plan on the basis that MOUs will be in place by 29th March. Firms that delegate portfolio management to the UK can have sufficient confidence that this will continue to be allowed post 29th March.”
Read here the full speech.
