The Central Bank has published a
Brexit FAQ which it plans to update as Brexit negotiations
progress.
The FAQ consolidates the position statements already made by the
Central Bank since the Brexit referendum, and reiterates that the
Central Bank will deal with all relocation-related enquiries in an
"open, engaged and constructive manner", taking
"an outcomes-focused, risk-based approach".
The Central Bank again emphasises its support for the policy
positions taken by the European Supervisory Authorities and Single
Supervisory Mechanism, making particular reference to the
FAQ published by the European Central Bank
(ECB) regarding its expectations for banks
relocating to the Eurozone, and the recent ESMA
Opinion setting out general principles to support supervisory
convergence. For more information on that ESMA Opinion, please
read our recent Client Briefing:
Brexit: ESMA highlights importance of supervisory
convergence.
