Oireachtas Joint and Select Committees

Tuesday, 4 April 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector: Quarterly Engagement with Central Bank of Ireland

10:00 am

Photo of Fintan WarfieldFintan Warfield (Sinn Fein) | Oireachtas source

I want to progress the conversation to Brexit which was mentioned by Professor Lane and motor insurance. Professor Lane mentioned Brexit as a priority issue for the Central Bank and said that were the bank was to be asked to consider the authorisation of a firm in Ireland, it would still want to be satisfied that it would be authorising a business or a line of business that would be run from Ireland, that it would effectively be supervising and that it would expect it to have a substantive presence here. Has any of the potential insurers or banks looking to move to Ireland and engaging with the Central Bank raised personal taxation rates as being an important issue in its decision to locate here?

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