DUBLIN — Ahead of the U.K. exit from the European Union in March 2019, several Asian financial institutions have already set up hubs in other cities within the bloc to ensure continued access to the continent. Ireland is among the countries hoping to benefit from Asian unease prompted by the Brexit vote, with Dublin regularly touted alongside Amsterdam, Frankfurt, Luxembourg and Paris as possible destinations for banks trying to reposition due to Brexit. So far, Nomura International and Daiwa Securities have set up hubs in Frankfurt, base of the European Central Bank, to serve their European businesses while still keeping their London presence; Mitsubishi UFJ Financial Group has chosen Amsterdam for its new European base; and Bank of China has opened a new subsidiary in Dublin.
DUBLIN — As Archbishop Charles Brown takes up his new post of papal nuncio to Ireland, he will face what some see as unprecedented difficulties for the church in Ireland. After the publication of a series of reports outlining gruesome cases of sexual abuse by priests in Ireland over recent decades, coupled with a falloff in church attendance, and less quantifiably, a perceptible decline in religious belief and practice, it’s little wonder that Archbishop Diarmuid Martin of Dublin predicted that his archdiocese faced its toughest challenge “since Catholic Emancipation,” the 1829 changes to British law that removed many of the discriminatory provisions against Catholics in the United Kingdom, of which Ireland was then a part. Archbishop Martin was commenting on a drop in Mass attendance in Dublin to 14% and declining priest numbers, but the remarks were seen by many as appropriate to the wider church in Ireland, which now operates within what Irish writer John Waters described to the Register as “the most anti-Catholic country in Europe.”