Brendan Howlin
Ceist:225. Deputy Brendan Howlin asked the Minister for Finance if he has raised Ireland's bid to secure the European Banking Authority with his EU counterparts in bilateral meetings. [2781/17]
Amharc ar fhreagraTuesday, 28 February 2017
Ceisteanna (225)
Freagraí scríofa
While I personally have not specifically raised this issue in talks, I would point out that Minister of State, Deputy Eoghan Murphy along with my officials are using every opportunity, to promote Ireland as a location of choice for the European Banking Authority.
We place a strong emphasis on Financial Services as can be seen from the growth and development of this sector both in the International Financial Services Centre in Dublin and other locations in the country. I believe that the location of international financial institutions in Ireland sends a positive signal to global financial services sector of the importance Ireland place on its international financial services sector.
The continued growth and development of the financial services is also one of the aims in our IFS 2020 plan which was published in 2015. This plan has 40 actions for this year, one of which (number 35) is specifically to promote Ireland "as the location of choice for the European Banking Authority".
I would like to point out that the ultimate decision on relocation of the European Banking Authority will be made by both the European Council and Parliament and will be linked to the triggering of Article 50 by the UK and subsequent negotiations between it and the European Union.