Tuesday 25 July 2017

Ireland would be 'ideal' choice for European Banking Authority, says Kenny

An Taoiseach, Enda Kenny pictured speaking at The European Financial Forum at Dublin Castle this morning (Photo: Colin O'Riordan)
An Taoiseach, Enda Kenny pictured speaking at The European Financial Forum at Dublin Castle this morning (Photo: Colin O'Riordan)
Colm Kelpie

Colm Kelpie

Dublin would be an "ideal choice" for the relocation of the European Banking Authority from London as a result of the Brexit vote, Taoiseach Enda Kenny has said.

Mr Kenny told delegates at the European Financial Forum that Dublin's IFSC is "Brexit-ready" in a direct pitch for financial services firms displaced as a result of the UK referendum. He claimed Ireland was an "obvious choice" for firms looking to retain access to the single market.

"We're well prepared for the changes that Brexit may bring," the Taoiseach said.

"The government has made a public declaration of interest in Ireland becoming the location of the European Banking Authority.

"With its significant financial services sector and efficient transport links to other European capitals, Dublin is the ideal choice for the Authority's relocation."

Mr Kenny told delegates, who included representatives from global banks, that Ireland is a desirable location for investment.

"We continue to offer a stable, predictable and a certain business environment alongside continued access to the European market," he said.

"I know that many UK based financial services companies are considering moving some or all of their operations in relation to Brexit and Ireland in that context remains an obvious choice for those wishing to maintain a presence in the single market."

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