After Brexit, the UK CSD may lose its right to passport its services into Ireland, with a direct impact on the settlement of Irish equity securities. Brexit impact on financial services firms These are the system-wide impacts. I now want to talk about the impact at the firm level.
I will differentiate here between firms already operating in Ireland and how they might be impacted by Brexit, and new firms that are looking to move into Ireland – including where a new business line is being transferred into an existing firm. Existing firms For existing firms, we consider Brexit as part of our ongoing supervisory approach.