Dáil Éireann Debate, Tuesday - 22 May 2012
215 Deputy Kevin Humphreys asked the Minister for Finance the total market for over the counter trades in derivatives, and structured financial products in Ireland in 2010 and 2011; and if he will make a statement on the matter. [25001/12]
Amharc ar fhreagra216 Deputy Kevin Humphreys asked the Minister for Finance the total market for trades and transactions in shares, securities and bonds in Ireland for 2010, and 2011; and if he will make a statement on the matter. [25002/12]
Amharc ar fhreagraI propose to take Questions Nos. 215 and 216 together.
The Central Bank published the Irish results early last year. The survey was conducted on turnover in April 2010 and can be found at http://www.centralbank.ie/polstats/stats/pages/bissurvey.aspx. While the global survey showed that trading activity in the OTC interest rate derivatives market increased by 24 per cent since the last survey in 2007, this represented a slowing of the rapid growth seen over the previous four surveys. The survey found that in Ireland, the increase in trading in OTC interest-rate derivatives between April 2007 and April 2010 was 6.6 per cent. Trading activity in these instruments increased marginally Ireland since the last survey in 2007, but average daily turnover actually declined, from €5.4 billion in April 2007 to €5.2 billion in April 2010. The next survey will take place in April 2013.
In relation to the total market for trades and transactions in shares, securities and bonds in Ireland for 2010, and 2011, last week, the Central Bank of Ireland launched statistics on market-based financing activities of financial and non-financial firms incorporated in Ireland at end-March 2012. This data, from the Central Bank's information release of 15th May http://www.centralbank.ie/polstats/stats/sis/Documents/2012m03 ie securities issues statistics.pdf, contains information on the volume of bonds and notes issued during March, as well as the market valuation of outstanding equity shares by sector of issuer at end-March. The sectors of the issuers are: banks; other financial intermediaries; Government; non-financial corporates and insurance companies and pension funds. The data also shows year-on-year differences in volumes since March 2011.
