Oireachtas Joint and Select Committees
Tuesday, 20 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Central Bank of Ireland
11:00 am
Mr. Ed Sibley:
There is a slight degree of misreporting in that. Within each regulatory area, there are resources that are being dedicated to deal with inquiries and potential authorisations that might come out of firms making decisions in response to Brexit, but that is not a central Brexit unit. What we are ensuring is that we are adequately resourced to deal with those inquiries and potential authorisations and that we are co-ordinating strongly across the Central Bank to ensure we take a consistent approach to discussions and then authorisations and beyond that into the European sphere.
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