Good morning, it is a pleasure to be invited to share some perspectives on the impact of Brexit. Disentangling the potential macroeconomic, financial stability, regulatory, and legal effects of Brexit is no easy task. However, this is of particular importance for all of us here today, given the significant level of exposure Ireland has to the UK.
There is no road map as to how a country goes about exiting the Union. The unprecedented nature of the event makes assessing the effects difficult and navigating a clear path challenging. Due to the restriction on any negotiations taking place before Article 50 is invoked, we know little for sure and even less in detail.