- In the July issue of Finance Dublin
The growing options for Ireland after Brexit as the major common law jurisdiction within an EU of 27 nations are being considered. This issue charts the growing usage of the ISDA Master Document for Irish law, in the funds industry for example.
The Financial Centres Summit, Finance Dublin's annual conference, FCS Dublin 2019, on October 15-16th include as keynote speakers, the chairman of the Securities & Exchange Commission, USA, Jay Clayton, and Kenneth Clarke, QC, former Chancellor of the Exchequer.
The new arrangements for post trade in Ireland, and the aviation finance trading eco system are among the topics at FCSDublin 2019. Speakers just announced include Valérie Urbain, CEO of Euroclear Bank, and the CEO of Ireland's Institute of Banking, and former regulator, Mary O'Dea, and many more.
- Displaying 'a rate of expansion that is unprecedented in the 30 year plus history of the international financial services industry'
The 2019 edition of the Finance Dublin Yearbook, is the 26th annually updated record of the history of the companies and institutions that make up the Republic of Ireland's international financial services history. In this sense, it is a 'living history' of the evolution of a significant global financial centre, Europe's fifth largest, in terms of trade. The new 2019 edition in its updates and new company additions, reflects 'a rate of expansion that is unprecedented in the 30 year plus history of the international financial services industry'.
- US SEC Chairman Clayton and Ken Clarke MP to speak at the Financial Centres Summit, FCS Dublin 2019, in October, Finance Dublin's annual conference, which will also be addressed by Ireland's Chief Justice Frank Clarke.
FCSDublin, 2019 in Dublin Castle on October 15th and 16th next will feature amongst its keynote speakers the Chairman of the SEC in the USA, the United States' most senior regulatory official for the stock markets and for other exchanges and markets, the most important US regulator outside of the Chairman of the Fed.
- The latest issue of Finance Dublin
Thirty four deals are recognised across six categories in the Deals of the Year, 2019, out of over 210 nominations. The deals are across the spectrum of Ireland's capital markets and its international financing and structuring industry; Finance Dublin's annual conference, FCS Dublin, in October will include as keynote speakers, the Chairman of the Securities & Exchange Commission, USA, Jay Clayton, and Kenneth Clarke, QC, former Chancellor of the Exchequer; Irish finance's response to the Green surge: BPFI sets out an agenda; The Government's 'Ireland for Finance' strategy: the pillars; The Irish Tax Monitor: Corporation tax considerations, the US Tax and Jobs Act and its impact on Ireland, and Brexit tax planning, and much more.
- Following a Cabinet decision, the Department of Finance has announced the 'green light' to publish the Investment Limited Partnership (Amendment) Bill 2019
June 13th 2019: The long awaited, but greatly welcomed, Investment Limited Partnership legislation has been given the green light by the Cabinet, with the promised publication of the Investment Limited Partnership (Amendment) Bill 2019. The legislation was recently signalled as being due this week by the Minister of State for Financial Services, Michael D'Arcy, and true to his promise, the Department of Finance yesterday confirmed that the Government gave the green light to publish the Investment Limited Partnership (Amendment) Bill 2019. The aim is "to improve the regulatory landscape for private funds", a statement says.
- Geoff Moore appointed Managing Partner at Arthur Cox
27th June 2019: The law firm Arthur Cox has chosen senior partner Geoff Moore to be its next Managing Partner. He will take up the position on 1st November and will lead the firm for the next four years. He is succeeding Brian O'Gorman, who is returning to full-time practice as a corporate partner, having served two terms as Managing Partner.
- 'Ireland as a Common Law Port' - after Brexit - highlighted by Chief Justice Clarke
The potential for Ireland to become a leading centre for international insolvency, dispute resolution and financial related legal services within Europe - a significant theme in the forthcoming Financial Centres Summit - has been underscored by the Chief Justice of Ireland, Frank Clarke
- The Government has published 'Ireland for Finance', the replacement for its 'IFS 2020' strategy, covering the period out to 2025
26th April 2019:
The Strategy was jointly launched today by Minister for Finance & Public Expenditure and Reform, Paschal Donohoe TD, and Minister of State for Financial Services and Insurance, Michael D'Arcy TD. The vision of the strategy is 'for Ireland to be a top-tier global location of choice for specialist international financial services'. The full Report can be accessed here
- Editorial: The Finance Dublin 2019 Top Twenty Accountancy Survey is a strong indicator of the health of the Irish International Financial Services industry
The results of the Finance Dublin 2019 Top Twenty Accountancy Survey are strong evidence that the post Brexit Irish IFS model is working. Furthermore, the findings of the survey, taken in conjunction with the commentary in this issue by the Managing Partners of Ireland's leading firms provide strong grounds for concluding that Brexit will be a net positive for the Irish economy as a whole, and not just the most outstanding elements of it, such as the international financial services industry. Clearly, the 13%+ growth rate recorded in the past two years is evidence of the continuing buoyancy of the island economy - the survey figures confirm this. They also give encouraging evidence of the broad based nature of it - including the agribusiness sector, and Northern Ireland too; the fee data from 8 of the largest firms in the survey relates to business they conduct on an all-island basis.
- basis.point Annual Spring Lunch 2019 hears Cork schoolboy entrepreneurs brief 450 funds professionals at Mansion House event
10th May 2019: The annual basis.point Spring Charity Lunch was attended by 450 funds industry members, joined this year by two young entrepreneurs from The Patrician Academy School, Cork who explained the impact that their participation in the Foroige NFTE programme, supported by b.p. was having. They also heard that Richard Day's Boston Marathon run raised €56,700 for the Irish funds industry CSR initiative.
- Toronto Dominion Bank unit, TD Securities, to open Ireland-based bond and debt securities trading operation
15th May 2019: TD Securities, a unit of one of Canada's five clearing banks, Toronto Dominion, has opened an office in Dublin with staffing expected to grow to 80 by the end of 2019. This will include staff in front office, support and control and technology roles. The firm was authorised as a broker-dealer under MIFID by the CBI in March. TD Securities is one of a cluster of Canadian banks to have operated in Ireland for many years, but Brexit has restimulated their activities in the centre. IDA Ireland had identified the project as a strategic IFS investment, and it was welcomed by IDA CEO Martin Shanahan today.
- Brexit thus far has been a positive development for IFS, as IDA Ireland wins a record 60 new investments in 2018
In 2018, IDA Ireland won a record 60 individual investments across banking, payments, insurance, investment management, market infrastructure, aircraft leasing and financial technology. Writing in the January issue, IDA Ireland's IFS chief Kieran Donoghue also says "at present, firms are establishing the foundations of a new or significantly expanded presence in Ireland, while simultaneously meeting CBI substance requirements, reconfiguring their overall EU business and monitoring the tortuous process of the UK exit. When this phase is complete, they will then begin to consider future plans and ways in which to leverage and develop their new Irish entities".