New staffing rules make Brexit-related Irish-hubs a magnet for jobs

Topics Ireland | Brexit deal

Hubs in Ireland set up by asset management firms in Britain wanting to avoid any business disruption from Brexit could become employment magnets due to regulations saying they must be substantially staffed, an industry body said.

The Central Bank of Ireland (CBI) has received 100 licence applications from firms in Britain wanting to set up management companies or Mancos in Dublin to avoid the UK's departure from the European Union affecting cross-border business. The applications are also being scrutinised by the European Securities.....

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