Banks leaving London for Dublin must be ‘run from here’ - senior Irish official

Central bank planning to recruit more regulators if necessary, Cross tells financiers

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The Central Bank of Ireland

The Central Bank of Ireland is ready to register banks seeking to transfer operations from London in the wake of the Brexit vote, its director of policy and risk said on October 3.

The possible loss of passporting rights for UK-authorised entities had created "the potential for a material increase in the number of applications" by financial companies seeking to operate in Ireland, Gerry Cross told an audience of finance professionals in Dublin.

But Irish regulators will expect that relocating

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