Tuesday, 14 May 2019

Questions (72)

Michael Moynihan


72. Deputy Michael Moynihan asked the Minister for Business, Enterprise and Innovation if she will report on her address to the European Financial Forum recently; and if the International Financial Services Centre, IFSC, will increase in numbers as a result of Brexit. [14017/19]

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Written answers (Question to Business)

The European Financial Forum took place at Dublin Castle on the 13th of February. This was the fourth year of the Forum and it represented a valuable opportunity to showcase to international financial services providers the benefits of doing business in Ireland.

The Forum brings together international and Irish industry executives, policy makers, regulators and thought leaders to provide cutting edge analysis on the main business and regulatory issues that the financial services industry should consider in 2019 and beyond. I did not attend the Forum this year due to other commitments, however the event was extremely successful and attended by An Taoiseach and the Minister for Finance.

Securing new investment requires hard work, patience and extensive consultation with the businesses concerned. In that context, the Forum also provides an opportunity for IDA Ireland to engage with potential and existing clients in the international financial services sector. This work is bearing fruit. To date, IDA Ireland has approved approximately 70 Brexit-related investments with an associated jobs content of over 5,000. Almost two-thirds of these are from the financial services sector.

This work is on-going and IDA will continue work to achieve positive results in the time ahead.