Thursday, 26 November 2020

Ceisteanna (197)

Mairéad Farrell


197. Deputy Mairéad Farrell asked the Minister for Finance if a group (details supplied) is still chaired by the Secretary General of the Department of the Taoiseach; and the reason it no longer publishes the minutes of its meetings. [28276/20]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

In 2015 the government launched a Strategy entitled IFS2020: A Strategy for Ireland’s International Financial Services Sector 2015–2020. New implementation structures were established under that Strategy and the Clearing House Group no longer exists. This revised committee structure continues under the most recent Strategy for the development of the international financial services sector to 2025, ‘Ireland for Finance’ (2019). The new committee structure is a modernisation to reflect the profile and characteristics of the sector as well as new models of engagement which have worked well in driving growth and job creation through the Action Plan for Jobs and other successful government strategies. Furthermore, given the nationwide nature of international financial services in Ireland, the new structures also reflect the continued regional development of the industry.

Under the new structures, an Industry Advisory Committee (IAC) represents the industry expertise and a High Level Implementation Committee (HLIC), which is a senior group of civil and public servants, represents the public sector. The public sector High Level Implementation Committee meets quarterly as a standalone committee. Thereafter, it and the Industry Advisory Committee meet jointly as the Ireland for Finance Joint Committee each quarter.

The Minister of State at the Department of Finance, Seán Fleming TD, chairs the High Level Implementation Committee (HLIC) and the Ireland for Finance Joint Committee.

The minutes of the HLIC are available at

The minutes of the Ireland for Finance Joint Committee are at