Standard Chartered Said Weighing Dublin for EU Base After Brexit
- Bank said to be working with Irish regulator to set up unit
- Frankfurt also said to be under consideration as European base
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Standard Chartered Plc is considering making Dublin its legal base inside the European Union after Britain begins the formal process of withdrawing from the bloc, according to people with knowledge of the firm’s plans.
The bank has approached Irish officials about setting up a subsidiary in the city and getting a license to operate across the EU, said two of the people, who asked not to be identified because the discussions are private. No final decision has been taken, and one person said Standard Chartered is also in talks with Germany’s regulator about alternatively choosing Frankfurt.