- Euronext acquisition of ISE to deepen the Irish Stock Exchange's offering in a post-Brexit era, helping to position it as a global hub for debt, funds and ETF listings
November 29th 2017:
A sale of the 224 year-old institution for €137 million, excluding an additional €21.8 m in regulatory capital (14.7 times forecast 2017 earnings
) follows a strategic search during the course of this year by the ISE for a partner to strengthen its offerings potential after Brexit. Euronext is a pan-European exchange, spanning Belgium, France, the Netherlands, Portugal and the UK and is the largest European exchange aside from the London Stock Exchange, which is about twice its size by capitalisation.
- Read all about Airborne Capital's plans to target $5bn of managed assets in 5 years in the next editions of Finance Dublin and Aviation Finance
November 23rd 2017: Airborne Capital, a new specialist aircraft leasing and asset management company, is targetting $5 billion of aircraft assets under management within five years. The company has received substantial backing from FEXCO Group, Ireland's largest privately owned financial services company and is led by CEO Ramki Sundaram and an experienced management team including Cian Dooley and Anand Ramachandran.
- In next issue: IMDO's chief, Liam Lacey, on Ireland's post Brexit wins in the marine insurance space
October 23rd 2017: The Irish Marine Development Office outlined its plans to develop Ireland's shipping services and marine finance industry at a special session at the Financial Centres Summit, Dublin 2017 in which CEO Liam Lacey spoke of the 'marinisation' agenda which aims to leverage and extend the activities of the IFSC, Aviation Leasing and the ICT cluster into the shipping industry in Ireland.
- Dublin's tied vote of 13-13 in the final round of EU vote for the European Banking Authority underlines Ireland's standing as a foremost financial centre in the EU27
November 21st 2017: Dublin's loss, on a draw from a fishbowl to Paris for the right to host the European Banking Authority, while exasperating for Irish national interests augurs well for the future of Dublin as a winner of Brexit-exiting banks, despite the inevitable draw Paris will be able to exert as new host city of the EBA, after London. Frankfurt's distant showing as third in the second round draw (of 3 cities) is also an underpinning of Ireland's position.
- The November edition of Finance Dublin profiles the proceedings of the Financial Centres Summit, Dublin, 2017 on October 17th
The latest edition of Finance Dublin profiles the proceedings of the Financial Centres Summit, Dublin, 2017 on October 17th
- The Financial Centres Summit, Dublin, 2017
The Financial Centres Summit, Dublin 2017
presented by Finance Dublin
and FSI in Dublin Castle heard from over 80 speakers on the current vital issues for Ireland's IFS industry on Tuesday October 17th. See the latest on the event and what's happening as a result on Twitter here at: #FCSDublin2017
Proceedings started with the keynote address by Lord Jonathan Hill, former EU Commissioner for financial services.
- Now Blockchain is moving beyond hype into real world applications - FCSDublin2017 Blockchain special session
The potential value of blockchain technology and the reasons why it has been slow to move beyond proofs of concept into real world applications were addressed by some of the key leaders in the field at one of the FCSDublin2017 special sessions, which was sponsored by Deloitte and chaired by David Dalton.
- XL Group chooses Dublin as preferred location for its EU insurance carrier
XL Group, which has been operating in Ireland since 1990, has decided to move its European headquarters to Dublin from London in response to Brexit, joining several other insurers including Chaucer and Royal London in choosing Dublin. The Bermuda-headquartered insurer announced the move following a meeting between CEO Michael McGavick and the Taoiseach Leo Varadkar in Dublin. Regina O'Connor, Head of Government Affairs and Reg. Policy at XLGroup Ltd to speak at FCS2017
on XL's choice of Ireland as post Brexit hub.
- 'Massively expanded' enforcement toolkit and 'potentially colossal' fines on the way for data administrators
When the General Data Protection Regulation (EU 2016/679) comes into force on 25 May next the Office of the Data Protection Commissioner will be able to impose for the first time large administrative fines for data protection breaches. Muireann Reedy explains why it will pay to be compliant with the GDPR.
- Barclays confirms Dublin as its post-Brexit EU banking base
Barclays has confirmed that Ireland will be the location for its post-Brexit EU banking plans having indicated that Dublin would be its chosen location, in the event of a so-called 'hard Brexit' as far back as January. Having recently installed a new CEO at its Irish bank, it described Dublin as a 'natural base' for its EU hub. Barclays Ireland's new chief Kevin Wall will be a speaker at the Financial Centres Summit on October 17th.
- Finance Dublin and Deloitte Research Report finds that 40% of Ireland's IFS companies expect Brexit to have a positive impact on headcount, against 7% saying it will cut jobs
The survey, amongst the 500 Companies included in the 2017 Finance Dublin Yearbook, carried out in collaboration with Deloitte also finds that overall employment increased amongst the companies surveyed last year by 4.6 per cent and that Regulation and Supervision issues are the most important concerns.
- Beazley plc confirms expansion of operations in Ireland
Beazley plc is to establish its European insurance company in Dublin, growing its Irish presence which it had reduced in recent years. Beazley CEO Andrew Horton said 'we have long considered it [Dublin] an attractive potential location from which to develop our European business.' The move reverses the decision by Beazley to scale down its Dublin presence after it moved its head office from Dublin back to London in 2016.