Dáil Éireann Debate, Thursday - 11 May 2017
260. Deputy Michael McGrath asked the Minister for Jobs, Enterprise and Innovation if she is satisfied with the role of the Central Bank in facilitating job creation opportunities in view of financial services firms wishing to relocate here after Brexit; and if she will make a statement on the matter. [22649/17]
View answerThe Central Bank delivers effective regulation and supervision in achieving its mandate of safeguarding financial stability and protecting consumers. It carries out its functions in the context of a harmonised approach to financial regulation across the European Union.
A key element in sustaining Ireland's attractiveness to financial services providers is the Central Bank's international credibility and reputation as a strong and independent regulator. The Bank does not, however, have a promotional mandate and is precluded from actively promoting Ireland as a location for international financial services activities. This responsibility lies instead with IDA Ireland, who continue to work assiduously to attract further financial services-related foreign direct investment to Ireland, whether Brexit-related or not.
