This ensures that borrowers whose loans are sold or transferred, maintain the same regulatory protections, including under the various Central Bank’s statutory codes of conduct, such as the Consumer Protection Code 2012 and the Code of Conduct on Mortgage Arrears 2013 (CCMA). Other risks There are of course many other issues relevant to the Irish banks.
We have also been continuing to work to mitigate the risks posed to the economy, consumers, and the wider financial system of the UK’s departure from the EU. Brexit has already led to a significant growth in the size of the internationally focused banking sector in Ireland.