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Loss of free trade is main threat post Brexit says Irish Funds

By Mark Battersby, 29 Jun 16

The post Brexit arrangements may threaten the free trade approach between countries that has enabled Ireland’s financial industry to prosper, according to the Irish Funds Industry Association.

The post Brexit arrangements may threaten the free trade approach between countries that has enabled Ireland’s financial industry to prosper, according to the Irish Funds Industry Association.

He expects to see more multi-jurisdictional strategies being adopted by asset managers and others in the financial services industry “to be able to access the various markets they need to be in”.

“We offer a native English speaking country in the EU which has the benefit of a common law understanding which still exists in the UK and in many other places in the world.

“We have an enviable track record in terms of the speed, cost and effectiveness of what we do and I would say there is also a uniqueness not only in our sector but on a country level in the fact that we’ve got a very significant and close relationship with the UK and the EU.”

Acknowledging the difficulties ahead in implementing the Brexit decision, he also said “there is a very genuine and deep rooted sense of making sure that as a country we help”.

Pages: Page 1, Page 2

Tags: Brexit | Ireland

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.