Nationwide UK (Ireland), Leeds Building Society (Ireland) and Investec Irish Branch are all regulated by the UK FCA with 'passporting' regulation into Ireland via a branch set up.
What happens if Brexit occurs?
- Can passporting still occur? My understanding is passporting is a EEA law as apposed to a EU law? so one would assume that passporting can still occur?
- The EUR equivalent of 75,000 GBP is protected via the FSCS. Will this deposit protection EUR based method be maintained if the UK is outside the EU? If GBP collapses after a Brexit, will the FSCS raise the protection level?
- Are there other effects to deposits with these 3 banks?
- How will Brexit effect RBS's Ulster Bank? With Bloomberg reporting, in December 2015, that RBS will review Ulster Bank again in 2-3 years, does Brexit make it more likely that RBS will dispose of Ulster Bank?
What happens if Brexit occurs?
- Can passporting still occur? My understanding is passporting is a EEA law as apposed to a EU law? so one would assume that passporting can still occur?
- The EUR equivalent of 75,000 GBP is protected via the FSCS. Will this deposit protection EUR based method be maintained if the UK is outside the EU? If GBP collapses after a Brexit, will the FSCS raise the protection level?
- Are there other effects to deposits with these 3 banks?
- How will Brexit effect RBS's Ulster Bank? With Bloomberg reporting, in December 2015, that RBS will review Ulster Bank again in 2-3 years, does Brexit make it more likely that RBS will dispose of Ulster Bank?