Banks Eyeing Dublin Hub Post Brexit Face Shortage of Top Traders

by Dramelin 5:30 PM 0 comments

Goodbody, Ireland?s oldest stockbroking firm, estimates that Dublin could gain as many as 15,000 financial jobs from Brexit. Financial firms have concerns over language issues, labor laws and taxes in Frankfurt and Paris. The talent shortage may not scare off banks that see Brexit as an opportunity to reduce costs. Dublin already suffers from an acute shortage of residential housing, particularly at the top end, a legacy of the country?s property crash. "Dublin shares similar laws and regulations as its U.K. neighbor and is the only other English-speaking hub in the European Union, making the city a go-to option for London-based banks seeking uninterrupted EU access post Brexit.