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Minister of State Harris opens public consultation to assist development of a new International Financial Services strategy for Ireland

 

Minister Harris, as Minister of State responsible for International Financial Services, today (21 November) launched a public consultation process to inform the development of a new strategy for the International Financial Services sector. Submissions are invited on a number of key questions from interested stakeholders and members of the public who wish to put forward their views and suggestions on a new strategy.  Commenting on the public consultation, the Minister said:

"Ireland has a vibrant and competitive international financial services sector.  It has grown and evolved significantly over the past three decades to become a major component of our economy in terms of employment, exports and tax revenues.  As stability returns to our economy we must now focus on enhancing this sector’s continuing contribution to sustainable growth and job creation.

My priority as the first appointee to this role in over 20 years is to ensure that we have a strategy that clearly identifies what actions we must take. It will also detail the co-ordination and implementation arrangements required to ensure Ireland’s continued competitiveness.  It is my intention to bring a draft strategy to Government with a view to its publication in early 2015.

I view this consultation as an opportunity for interested stakeholders to contribute to the development of this sector over the medium-term.  It will complement and add to inputs received to date through my extensive engagement with key stakeholders in Ireland and overseas.

Submissions can be made directly at www.surveymonkey.com/s/ifs_strategy, or via Government websites including www.taoiseach.gov.ie, www.finance.gov.ie, www.enterprise.gov.ie, and www.merrionstreet.ie.

The closing date for submissions is Monday 15th December 2014.

Notes for Editors

  • The online public consultation can be accessed directly at www.surveymonkey.com/s/ifs_strategy, or via Government department websites including www.taoiseach.gov.ie, www.finance.gov.ie, www.enterprise.gov.ie, and www.merrionstreet.ie. Closing date for submissions is Monday 15th December 2014.
  • The international financial services sector contributes very significantly to the economy in terms of growth and jobs.
  • The current ‘Strategy for the International Financial Services Industry 2011-2016’ was prepared in early 2011 at a time of very significant challenges for Ireland’s economy. Since the publication of that Strategy, Ireland’s economic circumstances have significantly improved and the focus has moved to a longer term strategy for sustainable economic growth and jobs as reflected in the Medium Term Economic Strategy and the multi-annual Action Plan for Jobs.
  • The development of the Strategy will be co-ordinated through a Public Sector Group chaired by the Minister of State. Targeted and focused consultation on the content of the Strategy will be conducted to ensure the process is inclusive and reflects the views and perspectives of the relevant stakeholders.
  • Media contact: Richard Troy, 087-0641625