The Central Bank today hosted a roundtable discussion with Irish financial sector representatives and stakeholders about the potential consequences for the sector following the Brexit vote.
Deputy Governor Cyril Roux said the purpose of the engagement was to allow stakeholders present their views on the impacts for the regulated financial sector.
Organisations attending today's event included the Professional Insurance Brokers Association, the Irish Brokers Association, the IDA, Enterprise Ireland, the Banking & Payments Federation Ireland, and Insurance Ireland.
The Bank said it has been in close contact with the firms it supervises, as well as the Government here, the bank supervisory arm of the ECB, as well as and other EU institutions.
It said it “continues to monitor carefully developments in the financial markets and on the regulated financial services providers”.
The regulator believes it has appropriate contingency measures in place to address any issues that may arise in the short to medium term.
Meanwhile, the regulator said it is to revise its economic forecast in the wake of the UK’s vote to leave the European Union.
Mr Roux said the revised macro-economic outlook will be published in the Central Bank’s Quarterly Bulletin later this month.
