Lagarde wants proper regulation of financial firms relocating to Ireland

IMF chief is in Dublin to open two-day conference on the euro hosted by the Central Bank

The IMF chief Christine Lagarde was in Dublin on a two-day summit and advised the government to have "rainy day funds" to resist potential shocks.

Europe and Ireland must prepare for an influx of financial firms after Brexit, the head of the International Monetary Fund (IMF) has said.

Christine Lagarde said the EU needed to enhance its regulatory and supervisory capacities to cope with the likely influx of firms from London’s financial district.

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