Dáil Éireann Debate, Monday - 11 September 2017
226. Deputy Stephen S. Donnelly asked the Minister for Finance the membership and role of all Brexit-related stakeholder engagement groups working with his Department on Brexit issues; the number of times each stakeholder group has met; and if he will make a statement on the matter. [38854/17]
View answerThe Government has been preparing for the impact of Brexit since well before the referendum on 23 June 2016, with this work now intensified. The Government is clear and determined that all possible preparations will be made ahead of the UK leaving the EU. A critical aspect of the Government’s contingency planning and preparations is extensive consultation with a wide range of stakeholders.
The Department of Finance has responsibility for leading on stakeholder engagement in the area of financial services. Minister of State for Financial Services Michael D’Arcy T.D. has responsibility for financial services, including the IFS2020 Strategy, which has a strong Brexit focus, and has been drafted in close consultation with key public sector and industry stakeholders. Minister of State D’Arcy chairs quarterly joint meetings with an Industry Advisory Committee, which represents the financial services industry, and the IFS2020 public sector High Level Implementation Committee (HLIC), which is a senior group of civil and public servants representing the public sector. Additionally, the Department of Finance chairs The IFS2020 Public Sector Coordination Group which is an interdepartmental group, which includes representatives from IDA and Enterprise Ireland. This group has met 20 times since June 2016, most recently on 6 September 2017.
The Department hosted a Financial Services Sectoral Dialogue on Brexit in Dublin Castle on 12 April 2017.
