Statement on the outcome of the UK Referendum

24 June 2016 Press Release

The Central Bank notes the outcome of the referendum in the UK.  The Central Bank, as part of the Eurosystem, ECB Banking Supervision and the European System of Financial Supervision, more broadly, is closely monitoring the financial market and the banking sector.

The ECB has made clear that it stands ready to provide additional liquidity, if needed, in euro and foreign currencies; and that it considers that the euro area banking system is resilient in terms of capital and liquidity.

In line with our role to safeguard the stability of the financial system, the Central Bank has worked closely with banks and financial firms and measures are in place to address any immediate issues that may arise. The Central Bank is confident that the contingency measures that are in place are appropriate to address any such issues.

We will continue to closely monitor the situation over the coming days and are liaising with financial institutions, the Department of Finance and other domestic authorities, as appropriate.