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IFSC Clearing House Group

Dáil Éireann Debate, Thursday - 17 May 2012

Thursday, 17 May 2012

Questions (40)

Kevin Humphreys

Question:

39 Deputy Kevin Humphreys asked the Tánaiste and Minister for Foreign Affairs and Trade if he or a representative of his Department sits at the meetings of the IFSC Clearing House Group; if he is provided with copies of material submitted for discussion; if he receives copies of minutes, reports, recommendations or policy outcomes; and if he will make a statement on the matter. [24761/12]

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Written answers

The Department of Foreign Affairs and Trade is not a member of the IFSC clearing house group and does not, as a matter of course, attend its meetings or receive copies of material relating to its activities. Occasionally however, representatives from my Department participate in meetings at the specific request of the IFSC Clearing House Group, when a relevant item arises. I might also add that my Department and the Embassy network work closely with the Department of the Taoiseach, the Department of Finance and the State Agencies to support the promotion of Ireland as a leading location for financial services. Our Embassies are in a position to raise matters of concern to Ireland's international financial services industry abroad and they regularly assist the work of IFSC Ireland and others in the sector.

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