More work required to continue to reduce risks of Brexit warns Central Bank

More work required to continue to reduce risks of Brexit warns Central Bank

The Deputy Governor of the Irish Central Bank, Ed Sibley has today highlighted the continued uncertainty as to how the UK will leave the EU and emphasised that further work is still required to continue to reduce risks.

Speaking at the DCU Brexit Institute, Sibley welcomed that the risk of the UK departing without a deal had been averted for now and recognised that intensive work has delivered a strong level of preparedness for the significant potential shock of the UK leaving the EU without a deal. 

Sibley noted that the ultimate outcome is still uncertain and that financial services firms still have a duty of care to their customers to take advantage of the extra time available to continue to prepare for the UK’s departure from the EU.

Source: www.businessworld.ie