Central Banking

UK lender seeks ECB funding with Irish start up

One of the biggest mortgage lenders in the United Kingdom wants to set up an Irish operation in part to access European Central Bank (ECB) funds.

Nationwide said on Monday that it would offer saving products by post, phone and online to Irish residents subject to approval from the Financial Services Authority, the British banking regulator, and the Irish Financial Services Regulatory Authority, the Irish supervisor.

A spokesperson for the lender told Central Bank News: "We believe this to be

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