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Irish banks ready for immediate Brexit risks, says watchdog

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Irish banks ready for immediate Brexit risks, says watchdog

Irish lenders, including the institutions with significantBritish exposures, are prepared to deal with the immediate risks if the U.K.were to vote in June's referendum to exit the EU, according to Deputy GovernorCyril Roux, Reuters reported April 27.

"If the U.K. electorate votes to exit, I think theimmediate issue for our banks is to ensure that they are prepared for themarket disruption, the liquidity disruption and that is something that is very clearin everyone's mind. This is very much in place," Roux reportedly said.

He added that irrespective of the result of the referendum,the central bank's "supervisory engagement is going to continue in thecoming months" with regards to banks' business models.