News & Analysis
Read the latest news and analysis from the editorial team at FinanceJobs.ie. We cover developments from the point of view of candidates, corporate recruiters, recruitment consultants, industry and professional organisations and institutes, and public service providers including Government and the third level sector.
| Ireland may have 'over-corrected' how it regulates banks and financial services, SEC Commissioner Dan Gallagher is reported in the Irish Times as saying
Ireland may have over-corrected how it regulates banks and financial services firms and should be “very careful” with further regulations to avoid losing business overseas, one of five commissioners at the US Securities and Exchange Commission, most recently appointed SEC Commissioner Daniel Gallagher has warned in comments to IT Washington correspondent Simon Carswell.
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| Ex AIB Head of Tax Ray O’Connor Joins Ernst & Young’s Financial Services Team
O'Connor was appointed Head of Group Taxation at AIB in June 2002. He brings over 25 years financial services experience with him in practice and in industry, having spent significant periods in the banking and life assurance sub-sectors.
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| Zurich Insurance Group to establish IT hubs to service global business
March 26th: Zurich Insurance Group is to establish two IT hubs in Dublin with the creation of 112 new jobs. Zurich's European HQ is based in Dublin, and the investment is supported by IDA Ireland. According to the Finance Dublin Yearbook 2013 Zurich Insurance plc (ZIP) is Zurich's European general insurance risk carrier based in Ireland and has thirteen regulated branches across Europe in Belgium, Finland, Denmark, Germany, France, Italy, Norway, Portugal, Spain, Sweden, the Netherlands, the United Kingdom as well as conducting business in Ireland.
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| A finance background helps women get boardroom positions says ACCA report: "Women in finance; a springboard to corporate board positions?"
A report commissioned by the Association of Chartered Certified Accountants (ACCA) shows that a financial qualification or a background which demonstrates substantial financial acumen are seen as catalysts for women getting onto the boards of FTSE companies.
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| Impact of Promissory Note replacement with sovereign debt
Impact of Promissory Note replacement with sovereign debt announcement February 7th 2013: The event is a rescheduling of debt, that, while it impacts the time value of debt obligations in a positive way for the Irish Exchequer (estimated future interest savings by economic forecasters of between €500 million and €1 billion per annum, including the NTMA, the agency charged with managing the Irish sovereign debt) does not affect the nominal, monetary value of debt expressed in the debt figures on the Finance Dublin Debt Clock.
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| NTMA raises approximately a quarter of 2013 target funding in Syndicated Tap of 2017 bond, at 3.3 p.c. effectively marking the end of Ireland's lockout from bond markets
January 8th:The funds were raised at a yield of 3.316 per cent.
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| In pre Budget comments a number of tax professionals have highlighted the deleterious impact of tax increases on job numbers in SMEs and other private sector employers
Irrespective of the additional tax measures announced in today's Budget, Ireland will collect substantially more from income tax in 2012 compared with 2007 notwithstanding the sharp rise in unemployment levels over that period and widespread dramatic wage reductions. The key economic indicator emerging from the Budget will be the effect on tax and public expenditure as a share of GDP in 2013.
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| Cantor Fitzgerald acquires Dolmen, establishing Cantor Fitzgerald Ireland, with prospect of adding 200 extra jobs in fixed income, equity underwriting and wealth management
December 3rd: Cantor Fitzgerald has acquired Dolmen Stockbrokers, in the second major Irish stockbroking acquisition this year, following the acquisition of NCB by Investec. The transaction expands Cantor’s capacity to provide sales and trading, research and advisory services to clients in Ireland featuring fixed-income and equity underwriting, trading, and wealth-management.
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| Irish Government to establish International Aviation Services Center at Shannon
December 3rd: The announcement was made as part of a plan that separates Shannon Airport from the DAA, a body that operates the main Irish airports at Dublin and Cork by year end. A five year plan is based around sustainable passenger growth to 2.5 million passengers within five years at Shannon, up from the present 1.5 million.
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| Clearstream sets up Dublin operation in strategic boost to Ireland's offerings as an international asset management and funds administration centre
Clearstream Banking S.A., the clearing and settlement division of Deutsche Borse, is to establish an operational centre to support investment processing the trades of investment funds with the potential for the creation of over 100 new jobs in Dublin.
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