From a financial regulation perspective, our work has sought to ensure: the financial system is resilient enough for a hard Brexit not to cause significant financial stability risks; that financial services providers are discharging their responsibilities by taking all necessary steps to protect their businesses and customers to the risk of a hard Brexit; that risks to consumers are mitigated to the greatest extent possible; and we are delivering a proportionate, robust, efficient and effective authorisation process in line with European regulatory norms, for those firms seeking authorisation in Ireland as a result 3/5  BIS central bankers' speeches  of Brexit.
For insurance, I am satisfied that the majority of firms covering the vast majority of policies written are taking appropriate action. However, there are some remaining risks of consumer detriment. The Central Bank has worked with the Department of Finance to support the drafting of legislation to protect customers of insurance products in event of no deal Brexit.