Oireachtas Joint and Select Committees

Tuesday, 26 March 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank of Ireland: Discussion

Mr. Ed Sibley:

This all depends on the Deputy's understanding of "significant". There has been a significant inflow of firms, the majority of which are focused on EU and international activity and have set up EU 27 headquarters in Ireland. Some other firms of significant size, such as those in the insurance industry that I referenced earlier, have located to Ireland to serve the Irish market as well as the European market where they have had substance here before. There is also a reasonably large number of quite small firms, which will not have any kind of impact from a wider economic perspective, that may relocate here.

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