Media Seminar

When 15 October 2019 11:00 AM
Where Central Bank of Ireland, North Wall Quay

As part of its ongoing engagement with external stakeholders, on 15 October, the Central Bank held a Media Seminar with journalists to discuss ongoing preparations for Brexit.

Governor Makhlouf gave introductory remarks on his initial impressions as Governor of the Central Bank and his experience engaging with other central bank governors in his role as Member of the Governing Council of the European Central Bank.

Deputy Governor, Ed Sibley, followed with a presentation on Brexit, which outlined the Central Bank’s approach to Brexit, the potential risks to the economy and the level of preparedness of the financial system.  He said that the Central Bank is as well-prepared as it can be but there remain some residual risks of disruption to certain services.

The ensuing discussions focused on the application and authorisation process for firms and any issues that could arise if firms have failed to prepare properly. There was also a discussion on the potential impact on consumers should issues arise with firms providing financial services from the UK and the implications of the reduction of market participants in certain sectors.

The seminar concluded with a general discussion on the ongoing issues facing the Central Bank across its mandate.

Speakers included:

  • Gabriel Makhlouf, Governor
  • Sharon Donnery, Deputy Governor, Prudential Regulation 
  • Ed Sibley, Deputy Governor, Prudential Regulation 
  • Derville Rowland, Director General Financial Conduct
  • Gerry Quinn, Chief Operating Officer

Attendance at this event was by invitation only.

Media Seminar - Brexit Presentation