Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

Yes, it appears that way. I understand what Dr. Stewart means about this not just being an issue for the IFSC but as the finance committee of the Oireachtas that is where our focus needs to be. It is about what we can do to make things as transparent as possible.

Dr. Stewart has highlighted the role of corporate service providers in providing the know-your-client function but presumably this can be quite difficult given the complex ownership chains of companies we see nowadays, which can span multiple jurisdictions. Economists like Thomas Piketty propose establishing a Europe-wide asset registry because of the gaps and weaknesses in the registries of beneficial owners of EU member states.

What is Dr. Stewart's view on that?