The Government will launch a strategy to grow employment in the international financial services sector to 70,000 by 2030, with one in four of the jobs located outside of Dublin.<\/p>\n
The sector’s 600 firms currently employ around 61,000 people across the country.<\/p>\n
The Ireland for Finance Strategy contains 31 actions designed to cut red tape, strengthen Ireland’s competitiveness as an international financial services centre, and support innovation.<\/p>\n
The plan contains a major focus on technology and digital transformation, including AI, digital assets and tokenisation.<\/p>\n
Under the strategy, a new Digital Assets Industry Group will be established, while legislation will be reviewed to support areas including tokenised investment funds.<\/p>\n
Ireland is currently the fourth-largest exporter of financial services in the EU and is a major European centre for funds and asset management, aviation finance, insurance, banking and capital markets.<\/p>\n
T\u00e1naiste and Minister for Finance Simon Harris and Minister of State Robert Troy will launch the strategy later today.<\/p>\n
Mr Harris is expected to say that the Government wants to build on the sector\u2019s strong employment growth over the past decade, while ensuring Ireland remains competitive.<\/p>\n
Mr Troy will say that the new strategy is about taking advantage of the opportunities presented by transformation and new technology, while maintaining a robust and proportionate regulatory framework.<\/p>\n
The launch of the new strategy comes ahead of the 40th anniversary of the establishment of the IFSC next year.<\/p>\n","protected":false},"excerpt":{"rendered":"The Government will launch a strategy to grow employment in the international financial services sector to 70,000 by…\n","protected":false},"author":2,"featured_media":825108,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-825107","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/825107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=825107"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/825107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/825108"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=825107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=825107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=825107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}