For more than 20 years, we have provided integrated multi-currency settlement services for both Irish and UK corporate securities. Today, these services are provided by Euroclear UK & Ireland, a UK-based company with no physical presence in Ireland.
We recognise that the UK’s decision to leave the European Union (commonly referred to as ‘Brexit’) may make the current arrangements for Irish corporate securities settlement by Euroclear UK & Ireland untenable.
Consequently, our white paper Euroclear Ireland – Delivering continuity of Irish securities settlement post Brexit :
- describes the proposed structure and services of a new CSD for Ireland, to be called Euroclear Ireland (EIR) which will need to be authorised and regulated, including by the Central Bank of Ireland under the CSD Regulation
- looks at the possible consequences of Brexit on some of the services currently operated by Euroclear UK & Ireland