Minister D’Arcy travels to Europe to promote Ireland’s financial services

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Today (19-September-2017) Michael D’Arcy TD, Minister of State for Financial Services, continues his programme of official engagements in London.

Following his address to the inaugural ‘Sustainable Nation Ireland’ Embassy dinner last evening he will later today undertake a round of engagements relating to his international financial services portfolio.  This will take in informal roundtable events and bilateral meetings with London-based Irish expats, expert networks and companies in the financial services sector.  He will also follow up on previous Ministerial contacts with the European Banking Authority.  Commenting on his London programme Minister D’Arcy emphasised that,

“The constantly changing narrative around Brexit requires us to continuously update our assessment of the government’s priorities.  This requires ongoing and in-depth engagement with key stakeholders.  This feedback will in turn inform the current process of identifying measures to make up the 2018 Action Plan under the government’s 5-year strategy for the sector, IFS 2020.  Our bid for the EBA also speaks to the high-level Strategy objective to consolidate and enhance Ireland’s standing as a leading European financial centre. I look forward to putting forward the case for Dublin with our Member State counterparts in Copenhagen and Bucharest later this week.”*

The Minister’s wider programme includes a dedicated Enterprise Ireland financial services programme (20-21 September) targeting business in the DOCH region – comprising the EI target markets of Germany (D), Austria (O), and Switzerland (CH).  This annual trade promotion programme – this year taking place in Zurich – includes several stakeholder events aimed at introducing EI client companies to these markets, expanding existing client footprint, and informing these markets of the advantages of doing more business with Ireland.  The Zurich programme concludes with a specialist seminar and networking dinner hosted by the Ireland Ambassador to Switzerland and Minister D’Arcy, who noted that,

“This EI programme is both the culmination of and a jumping-off point for Irish State Agency activity in this region.  A culmination in terms of the work gone into cultivating opportunities for Irish companies to explore new markets, and a jumping-off point in how to ensure that connections made take root as lasting and mutually beneficial business relationships.  I am pleased to learn of a considerable uptick in EI activity in these important markets.  I view this as a tangible indicator of the need to continue to intensify the implementation of our market diversification strategy to offset the downside effects of a hard Brexit on our domestic economy.”

ENDS

19th September 2017

 

Contact:

Media contact for Minister D’Arcy, Richard Troy at +353-87-0641625

Contact Enterprise Ireland (DOCH region): https://www.enterprise-ireland.com/en/Export-Assistance/International-Office-Network-Services-and-Contacts/Germany.html

 

*Note: Minister D’Arcy will canvass for Ireland’s EBA bid with the relevant authorities in Denmark on the 20th of September, and in Romania immediately following the EI programme on the 22nd of September.

 

Notes for Editors:

Details of the government’s IFS 2020 Strategy and annual action plans can be found at www.finance.gov.ie/what-we-do/international-financial-services/ and at www.IFSIreland.com

Details of Ireland’s EBA bid can found at www.finance.gov.ie/wp-content/uploads/2017/06/EBA-brochure.pdf