Substantial achievements have been made over the years and what some people used to consider challenging, or even impossible, has now become part of our everyday lives. The SEPA project is a perfect example. Having enjoyed the ease of SEPA payments since 2014, we can hardly remember a time when credit transfers and direct debits functioned smoothly within countries but not necessarily across borders.
The Border region where trade relationships are particularly close, is vulnerable with the strong inter-linkages between Irish and UK firms’ supply chains.3 The fall in the value of sterling has been the main channel which we have seen the economic effects of Brexit act to date and I am sure this has already had an impact on many of you and your businesses.