Staffing rules for funds could lead to post-Brexit boon for Irish financial sector

Irish Times | Dec 4, 2019 at 3:54 PM
  • Hubs in Ireland set up by asset management firms in Britain wanting to avoid any business disruption from Brexit could become employment magnets due to regulations saying they must be substantially staffed.
  • The Central Bank of Ireland (CBI) has received 100 licence applications from firms in Britain wanting to set up management companies or Mancos in Dublin to avoid the UK’s departure from the European Union affecting cross-border business.
  • Irish hubs are authorised by the Central Bank.