Written answers

Thursday, 28 February 2019

Department of Finance

Financial Services Sector

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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35. To ask the Minister for Finance when he expects to publish the new international financial services strategy to 2025; and if he will make a statement on the matter. [9855/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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Since May 2018, my officials working to the direction of my colleague Michael D’Arcy, the Minister of State for Financial Services and Insurance, have completed a substantial body of work to prepare a successor strategy to the current strategy for the development of the international financial services sector, ‘IFS2020’ which is in its final year. Research was carried out by the Department and a broad consultation exercise was conducted. This process included consulting industry and public sector stakeholders, and undertaking a public consultation process. My officials have engaged in a detailed assessment of the outcome from all these processes with officials from other Government Departments. They have also discussed preliminary findings with members of the public sector High Level Implementation Committee and the Industry Advisory Committee that advise my colleague, Minister of State D’Arcy, on the implementation of the current IFS2020 strategy. I expect that the outcome of that work will result in a proposal being ready for me to bring to the Government in the next few months, although the timing of when I do that may depend on a number of factors including developments relating to Brexit process.

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