The Central Bank’s Director General for Financial Conduct, Derville Rowland spoke at the Irish Funds Annual UK Symposium on 15 November 2018, telling asset managers their contingency planning “must continue.”

The Irish regulator has said that fund firms should disregard the draft Brexit withdrawal deal and continue to prepare for a cliff-edge scenario. Ms Rowland says that while the proposed deal “would obviously be a superior outcome to no deal,” it is “not clear” how the political issues surrounding the deal will be resolved.

Read: The speech