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Taoiseach opens European Financial Forum

20170124 EFF post

IDA Ireland CEO Martin Shanahan, Taoiseach Enda Kenny and Financial Services Minister Eoghan Murphy at the European Financial Forum in Dublin Castle

Taoiseach Enda Kenny this morning opened the European Financial Forum in Dublin Castle.

The Forum, organised by IDA Ireland in association with the Financial Times and IFS Ireland, is a European platform for those in the financial services sector to explore the disruptive forces that are shaping the financial sector into the future and discuss where opportunities lie.

Speaking at the Forum, the Taoiseach said:

Today's event brings together Irish and international industry leaders, policy makers, regulators and experts for the first time since the UK made its decision to leave the EU. Let me begin by saying that this Government is fully committed to the development of the international financial services sector in Ireland. We believe we have an important contribution to make to the industry globally, particularly in light of the UK decision to exit the EU and its expressed desire to leave the single market.

This forum also provides us with the opportunity to showcase the talent we have in the international financial services sector in Ireland and to highlight the scale of preparations ongoing in our strategic response to Brexit.

He added:

Over 200 multinational financial services companies have operations in Ireland covering the whole sector, including asset management and investment, aircraft leasing, banking and funds. Last week at the World Economic Forum in Davos I had the pleasure of meeting many of the financial services companies who now call Dublin home.

We will continue to work hard to sell the many advantages of Ireland’s enterprise environment. The whole Government, and especially our Minister for Financial Services Eoghan Murphy, have been travelling extensively to promote Ireland as a location for financial services.

Read the full speech here.