Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I will provide a carte blanche answer to that question that was given to me. The financial institutions impacted by FATCA include banks, insurance companies in respect of investment services, cash value insurance contracts but not including insurance policies such as health, motor or life, where the policy has no cash value, investment funds, stockbrokers and investment planners. The whole gamut of financial services would be affected. Unless specifically exempted under FATCA requirements, Irish financial institutions will be required to register as a FATCA reporting institution.