Written answers

Wednesday, 10 November 2010

Department of Finance

Financial Services Sector

9:00 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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Question 162: To ask the Minister for Finance if Irish investors are investing offshore to any greater extent than normal; and if he will make a statement on the matter. [42043/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy will be aware, Ireland is a very open economy and as such there are no major impediments to Irish corporates or individuals investing across the European Union or to other jurisdictions subject to anti-money laundering regulations. With regard to the Deputy's specific question, it is my understanding that my Department have sought clarification on the question and are awaiting a reply. When the issue has been clarified my Department will answer the question as promptly and as accurately as possible.

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