Irish deputy governor says Brexit will have negative impact on Ireland

Donnery says regulators must not allow “fragmented” supervisory system to emerge

sharon-donnery-2
Sharon Donnery

The UK's departure from the European Union will have a net negative effect on the economy of Ireland, says one of the Central Bank of Ireland's two deputy governors.

The "precise impact on Ireland's economy will be determined by a range of factors", Sharon Donnery told an audience in Dublin today (February 22). These include the conditions of the UK's exit and the eventual trade deal signed between the UK and the European Union, she said.

Donnery also insisted that national regulators must not

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