DUBLIN May 3 Many financial firms based in
London have yet to decide on where to move operations to as a
result of Brexit so it is too early to say if different
interpretations of regulatory rules will play a role, Ireland's
central bank governor said on Tuesday.
The Irish government in March complained to the European
Commission that rival centres were "offering a back door to the
EU's single market" by allowing regulatory arbitrage, a
reference to undercutting rivals with lax rules.
"My aim has been to make sure that regulatory issues do not
play a role in these decisions. I think we'd have to wait for
more decisions to get enough of a case load to work out whether
that (regulatory arbitrage) is a substantive issue," Governor
Philip Lane told a news conference.
(Reporting by Padraic Halpin)