Ireland ready to shield insurance policy-holders in ‘hard Brexit’ – deputy governor
Irish financial system should prove resilient if UK quits EU without a deal, Ed Sibley says
The Irish government is drafting emergency legislation to protect insurance policy-holders from the effects of a “hard Brexit”, one of the Central Bank of Ireland’s deputy governors has said.
The central bank has worked to ensure UK-based insurance firms can continue to serve Irish customers in the event of a “hard Brexit”, Ed Sibley said in Dublin today (January 17).
A large number of Irish consumers have insurance policies with UK firms, including some in the British territory of Gibraltar.
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