Certainly, when Brexit goes through, many will need to figure out where to move thousands of jobs. Many finance institutions have only until Friday to tell the Bank of England how they plan to deal with the changes that a hard Brexit will cause.
And at the moment, many eyes appear to be on Dublin. 19 of the biggest 222 financial services companies in the UK have mentioned a possible move to Dublin. As chief executive of Barclays, Jes Staley explained, “Barclays Bank Ireland, which has a banking licence and which we have operated for almost 40 years, provides a natural base and we are engaging with our regulators in discussions to extend its activities.”
JP Morgan’s chairman and chief executive, Jamie Dimon, was also apparently discussing the American bank’s expansion into Dublin.
The second most popular destination? Frankfurt had 18 mentions in the research. Luxembourg was discussed third with 11 and Paris was ranked as fourth.
Learn why Dublin interests so many and what it might mean for the UK.
