It may not seem like boom times, but the outlook remains positive for Ireland’s financial services industry
As 2023 dawns, the FS industry is operating in a world that still is dominated by a major European war, with consequent reverberations in markets, notably in the form of the twin threats of recession and inflation. These are set to continue to remain themes in the markets that Ireland’s open economy exists and thrives in, in 2023 but underlying this, the pulse of business remains strong in Ireland’s financial and professional services industries.
For the financial services industry the repressed post Covid global economic outlook also continues to overhang markets, and this is reflected in consolidation moves affecting the Irish-domiciled industry, as well as uninterrupted technical change developments in fintech, in asset management, insurance, capital markets and finance.
Supplementing these trends is a regulatory and governance agenda that can provide a basis for all those working in the industry and in the 500 plus enterprises and bodies profiled in this Yearbook, with a regulatory framework that can offer huge business opportunities for a globally focused industry.