Irish deputy governor warns of Brexit risks
But Ed Sibley says “much of the heat has gone out of regulatory arbitrage issue”
One of the Central Bank of Ireland’s deputy governors has given a detailed warning on the possible dangers posed to the country by a “hard Brexit”.
The close links between the UK and Irish economies means “a ‘hard Brexit’ will lead to significant disruption, particularly for the Irish financial system”, Ed Sibley told an audience in Dublin on April 12.
The central bank estimates that if a post-Brexit trade agreement is not reached, GDP in Ireland may be “around 3% lower after 10 years than
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