merrion street

Minister of State for Financial Services Eoghan Murphy today welcomed publication of the IFS2020 Q1 2016 [JG1] and Q2 2016 [JG2] progress reports on the implementation of IFS2020, the Government’s Strategy for Ireland’s International Financial Services (IFS) sector.
The appointment of Minister Murphy has sent a clear signal that International Financial Services play a vitally important role in the Irish economy and that the implementation of the IFS2020 Strategy continues to be a priority for the Government.
In order to provide a more co-ordinated and streamlined approach to the IFS2020 Strategy, responsibility for the IFS2020 secretariat and support have been assigned to the Department of Finance from the Department of the Taoiseach to mirror the appointment of Minister Murphy to the Department.
Minister Murphy will liaise closely with the development agencies, IDA and Enterprise Ireland, over the coming months to actively promote the Irish International Financial Services sector overseas under the IFS Ireland banner brand, including visits to the UK, the US, Denmark and Asia (Hong Kong, China and Japan).
The progress reports highlight several milestone deliverables in the first half of 2016. Commenting on the progress reports, Minister Murphy said:
“I am pleased with the continued progress being made in 2016 to implement the measures outlined in the IFS2020 Action Plan 2016. These progress reports confirm that all ten headline actions set out in Action Plan 2016 remain on track for completion within the calendar year.”
“I am very encouraged by progress to date, including the strong support I have received from all stakeholders, both public and private sector, since I my appointment as Minister of State for Financial Services. We will continue to work with our stakeholders and I welcome in particular their input in helping to achieve our ambitious jobs target to grow the IFS sector by 30% over 5 years.”
Following-on from the success of the inaugural European Financial Forum which attracted over 600 delegates to Ireland from around the world, the second annual European Financial Forum will take place in Dublin Castle on 24 January of 2017. Commenting on the 2017 Forum, Minister Murphy said:
“The Forum offers an unparalleled opportunity for investors and key-decision makers from financial markets around the world to get an overview of the financial, business, FinTech and regulatory landscape in Europe, and will showcase Ireland’s international financial services environment to an international audience.”