Therefore, in this context, in my remarks this evening, I will first take the opportunity to outline the broad approach we have taken in the Central Bank in our preparations. I will then go on to discuss some of the contingency planning and outline some specific areas where public authorities have had to take action.
Third, I will outline the structure of the Irish economy and discuss some of the more macroeconomic aspects to the departure of the UK. I will highlight some of the channels through which a no-deal/no-transition outcome would affect the economy here in Ireland. Finally, I will conclude with some thoughts on life after the UK’s exit for European authorities.