Firms located in Ireland provide Financial Services to every major economy in the world. International banks, investment managers, insurers, aircraft leasing operators and an array of other financial firms employ over 35,000 people and contribute €2bn each year in taxes.
More than eight out of 10 of those employed in the sector have at least a bachelor’s degree. Most work in insurance, banking and fund management. However, there is also a large Financial Services sector supporting a multitude of operations in Ireland, ranging from lawyers and accountants to IT providers.
While Dublin acts as the main hub, the Financial Services sector has many operations spread throughout Ireland from Letterkenny to Cork, Galway to Kilkenny and Limerick to Waterford.
The Irish Financial Services Regulatory Authority (IFSRA) is the regulator of all Financial Services firms in Ireland. It is a distinct component of the Central Bank and Financial Services Authority of Ireland.
The Summit Finuas Network is focused on maintaining Ireland’s position as a top international Financial Services centre through ongoing investment in the development of the necessary skills and expertise. The network is led by a steering group, which includes member companies and financial services industry associations.
Ireland has published a new Strategy for the International Financial Services Industry which outlines ambitious targets for the development of the IFS industry in Ireland
Dublin is the main centre of Ireland’s Financial Services sector, where activity is focused around the Irish Financial Services Centre (IFSC). Established in 1987 by the Irish Government, the IFSC houses some of the world’s premier Financial Services institutions. A sophisticated support network including accountancy, legal actuarial, taxation, regulatory and telecommunications has grown up around it.
The IFSC is an integrated development offering world-class office accommodation, executive housing and restaurants, plus excellent shopping facilities. The development has expanded beyond its original site and has become a vital part of the wider Irish economy.
The National College of Ireland is located in the IFSC providing further education on-site to the financial professionals who work there.
<p></cke:param>Explore the current business landscape in Ireland and see what's happening on the ground now.</p>
IDA Ireland today welcomes Bank of America confirmation that it has chosen Dublin as the preferred location for its principal EU legal entities following the UK’s departure from the EU.
IDA Ireland today welcomed the announcement by Citi that Dublin has been chosen as one of a number of European locations for expansion as part of its Brexit response.
Today’s Ireland is in expansive mode, with an economy
that regularly ranks among the fastest-growing in the
world. Our place in the global International Financial
Services Sector is strongly-established. Our place in the
EU and the Eurozone is central to the success of our open,
Grand Parade location provides capacity to grow from 52 to 150 people in the future
Dublin centre lets European companies locate customer data within the EU
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