ARTICLE · 30 JUNE 2016

Brexit - Implications For The Financial Services Industry In Ireland

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On 23 June 2016, the United Kingdom took the unprecedented decision to leave the European Union.

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On 23 June 2016, the United Kingdom took the unprecedented decision to leave the European Union. It is a matter of regret for most Irish businesses that this decision has been made and like most professional services firms, we at Walkers had hoped for a different outcome to the Brexit referendum.

As its closest neighbour and the member state with the deepest political, social and economic ties, Ireland is perhaps the most exposed Member State of the remaining 27 to any market turmoil arising out of the referendum. However, as the only native English speaking, common law jurisdiction remaining within the EU, Ireland is also uniquely placed to benefit from some opportunities that will arise, particularly in the financial services industry.

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