Gerry Adams (Louth, Sinn Fein)
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Question 117: To ask the Taoiseach the current members of the International Financial Services Centre clearing house group; if they come from Departments, State agencies, the private sector or other areas; and the methodology for identifying persons to serve on the group. [13556/12]

Enda Kenny (Mayo, Fine Gael)
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My Department has a coordinating role in support of development of the international financial services industry in Ireland since its inception in 1987. The Department operates a forum for this purpose through the IFSC Clearing House Group, and through a series of specialised Working Groups in the areas of Banking & Treasury, Insurance, Funds, Pension Funds and Asset Management.

The IFSC Clearing House Group (CHG) identifies and considers issues of major concern to the long-term development of the international financial services industry in Ireland, including the strategic development of new business areas and opportunities, the progress of relevant legislation, both domestic and European, consideration of regulatory issues, the provision of relevant industry skills and the appropriate marketing of the industry. Membership of the Clearing House Group includes senior public sector and industry representatives together with the Chairs of the respective Working Groups and is chaired by the Secretary General of the Department of the Taoiseach. The Working Groups are chaired by industry representatives. The duration of the membership of the CHG and the Working Groups is approximately three years.

Industry members of the Clearing House Group are appointed by an agreed nominating process which is coordinated between my Department and Financial Services Ireland (FSI), which is a sector organisation within IBEC. The industry members are nominated by FSI through this process which aims to ensure that all sectors of the international financial services industry are represented. The Chair of the Dublin International Insurance and Management Association (DIMA) and the Chief Executive of the Irish Stock Exchange are also members of the Group.

In addition, the Chairpersons of the IFSC Working Groups all serve as members of the Clearing House Group for the duration of their tenure as chairs of the particular Groups.

The following Appendix 1 lists the names and sectors of those who are CHG members.

Names and Sectors of those who are members of the IFSC Clearing House Group

Public Sector

Mr. Martin Fraser, Department of the Taoiseach (Chair)

Mr. Michael Sludds, Department of the Taoiseach (Secretary)

Ms. Ann Nolan, Department of Finance

Mr. Barry O'Leary, IDA Ireland

Ms. Breda Power, Department of Jobs, Enterprise and Innovation

Mr. Eamonn O'Dea, Revenue Commissioners

Mr. Gary Tobin, Department of Finance

Mr. Jim Byrne, Revenue Commissioners

Mr. John Moran, Department of Finance

Mr. John Murphy, Department of Jobs, Enterprise and Innovation

Ms. Julie Sinnamon, Enterprise Ireland

Mr. Kieran Donoghue, IDA Ireland

Mr. Matthew Elderfield, Central Bank

Mr. Patrick Brady, Central Bank

Industry Members nominated by Financial Services Ireland (FSI)

Mr. Brendan Bruen, Financial Services Ireland

Mr. Brian Daly, KPMG

Mr. David Fagan, Legal and General

Mr. Fergus Murphy, Financial Services Ireland

Mr. Gary Palmer, IFIA

Mr. Padraig Rushe, Bank of Ireland

Mr. Pat Farrell, IBF

Mr. Peter Keegan, Bank of America Merrill Lynch

Mr. Robert Richardson, Pioneer Investments

Mr. Tom Young, BNY Mellon

Mr. Tony Golden, Citi

Mr. Willie Slattery, State Street

Chairs of IFSC Working Groups

Mr. David Guest, Chair of IFSC Banking and Treasury Working Group

Mr. John Feely, Attain, Chair of IFSC Pension Funds Working Group

Mr. Pat Wall, PWC, Chair of IFSC Asset Management Working Group

Mr. Paul McGowan, Chair of IFSC Funds Working Group

Mr. Tim Hennessy, Axis Capital, Chair of IFSC Insurance Working Group

Irish Stock Exchange

Ms. Deirdre Somers, Irish Stock Exchange