News & Analysis
Analysis and News from the editorial team at Finance Dublin and specialist contributors to FinanceJobs.ie. We provide quality insights based on the depth of experience of our team and contributors as a resource for jobseekers. It is a unique resource for candidates, students, corporate recruiters, recruitment consultants, industry and professional organisations and institutes, and public service providers including Government and the third level sector.
| Ireland’s ‘War Budget’ - a victory for the long and steadfast pursuit of pro enterprise economic policies since the Global Financial Crisis
Editorial on the 2023 Budget: Finance Dublin, October 2022
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| Ireland’s top accountancy firms roar back to double-digit growth in 2021
The Finance Dublin Annual Accountancy Survey shows a return to robust fee income growth in 2021 for Ireland’s leading accountancy firms, bouncing back strongly from the COVID 19-induced slowdown in 2020. The figures for this year’s survey show Republic of Ireland fee income rose by 12 per cent in 2021, compared with just 1% in 2020.
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| Net growth in International Financial Services jobs of 5.6% in 2021 in Ireland, according to IFS Action Plan 2022 published by the Government
February 3rd 2022: Employment in international financial services grew by 5.6 per cent in net terms, to a new record of 52,800 jobs, figures contained in the 'Ireland for Finance' Action Plan for 2022, published by the Department of Finance. Sean Fleming TD, Minister of State with responsibility for Financial Services said this satisfactory result reflected an overall growth pattern that was overcoming tech-linked job losses in the sector and was resulting in net employment increases that were resulting in higher remunerated employment that was widely distributed across the regions of the state.
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| OECD hails global tax deal, and welcomes Ireland's decision to come on board Inclusive Framework on BEPS
8th October 2021: In a statement welcoming the global tax deal agreed by 160 countries, Ireland's position was copperfastened today with a finalised proposal to be ratified later this month by 136 countries in the OECD Inclusive Framework on BEPS. The Irish Goverment's position is set out in a press conference by Minister Paschal Donohoe yesterday, and streamed here: https://twitter.com/IRLDeptFinance
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| Taoiseach and Tanaiste welcome Alter Domus' creation of 100 new jobs in Cork, to bring its headcount in Ireland to 280
January 27th 2021: Alter Domus has announced it is creating 100 extra jobs on the back of continuing expansion of its European Centre of Excellence in Cork as demand for cross-border fund administration and asset servicing grows. Taoiseach Micheal Martin, welcoming the move, said "there will be even greater opportunities in the Financial Services sector in years to come and the innovative graduate development paths provided by Alter Domus will help ensure future growth". The Tanaiste Leo Varadkar said "I warmly welcome this further expansion of Alter Domus in Cork, which will create 100 new highly-skilled roles over the next year, on top of the 80 created last year. I am particularly pleased to see the company will continue the partnerships it has established with local third-level institutions".
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| Interview: the Minister of State responsible for Financial Services, Sean Fleming T.D.
January issue Interview: the Minister of State responsible for Financial Services, Sean Fleming TD, on his priorities, and how he sees the evolution of the Government's Ireland for Finance strategy.
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| McGuinness approved as Commissioner for new FS portfolio by EU Parliament with overwhelming vote of 583 for, and 75 against
7th October 2020: The EU Parliament approved the appointment of Mairead McGuinness as Commissioner and Executive Vice-President Valdis Dombrovskis’s change of portfolio, today. The recommendation goes for final approval by the EU Council. "I expect to hit the ground running early next week", McGuinness said.
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| State Street and Rethink Ireland announce Awardees of 'Ability to Work' Fund, enabling people with disabilities to work
August 11th, 2020: State Street and Rethink Ireland have awarded €1.5 million from the Ability to Work Fund to four not-for-profit organisations who are helping develop the talents and skills of Ireland's forgotten workforce, giving employment opportunities to those living with a disability.
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| The Central Bank cuts Capital Buffer from 1% to 0% to free bank funds to fight COVID 19 effects
18 March 2020 1600 hrs: The Central Bank has cut its systemic capital buffer by 1% (of the risk exposures of banks), freeing up significant flows of funds in the coming days. The measure comes as the Minister for Finance Paschal Donohoe met banking chiefs this afternoon to discuss the move. (For background on the CounterCyclical Risk Buffer, which was put in place last year, see this article and this article in Finance Dublin published in the July and August 2019 editions respectively).
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| Legal & General briefs clients in Dublin on climate change
26th November 2019: Legal & General Investment Managers (LGIM) , which became the first fund manager to receive a Brexit-related Super Manco authorisation from the Central Bank of Ireland in May 2018, has emphasised its group wide commitment to become an industry leader in tackling the challenge of climate change. Speaking to Finance Dublin ahead of the client briefing, L&G group Chief Investment Officer Sonja Laud described a change in mindset on climate change that was needed for asset managers to comprehend.
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