As it stands now, depositories resort to complicated means to evade our reserve requirements -- such as retail sweeps -because our reserves are sterile and to do less would put them at a competitive disadvantage in a market where profit margins are paper thin.
Finally, I will address some of the potential macroeconomic implications of the UK’s decision to leave the EU and exit the Single Market, for both the UK and Irish economies, and for Ireland as a location for financial services. History of centres for capital The fortunes of centres for capital change.