Clare Daly (Dublin North, United Left)
Link to this: Individually | In context | Oireachtas source

153. To ask the Minister for Finance further to Parliamentary Question No. 277 of 24 March 2015, the level of contact between the Irish Financial Services Centre Clearing House Group and the entity which was referred to in his reply, in view of the fact that in October 2014, it agreed to pay further compensation in the amount of €852,000 to the National Treasury Management Agency, in the spirit of goodwill, and with the intention to compensate the fund for any costs incurred in resolving a matter identified by the Financial Conduct Authority; and if he will provide his policy on the application of technology to financial services, FINTECH. [14369/15]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Clearing House Group includes a broad range of stakeholders nominated by industry, including the entity to which the Deputy refers.   The IFS2020 Strategy, launched on 11th March, proposes a new governance structure built on a public sector implementation board and a private sector consultation group which will, once again, be nominated by industry participants.

In relation to FinTech, that same IFS2020 Strategy outlines a number of actions that will be taken across the whole of Government, led by the enterprise agencies, to position Ireland in relation to this important and developing sector.