The Minister for Finance Michael McGrath today (Thursday 6 April) published the terms of reference for the Department of Finance to conduct a review of Ireland’s funds sector and produce a report ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.’
Ireland is a global centre of excellence for asset management and funds servicing with the latest figures showing regulated and unregulated funds in Ireland having approx. €4.6 trillion in assets under management. Nationally, this funds sector employs some 17,000 people across 180 companies.
Under the broad and interlinked themes of Open Markets, Resilient Markets and Developing Markets, this framework will seek to ensure that Ireland maintains its leading position in asset management and funds servicing and that we continue to see support for our national and regional economies. The review will also seek to ensure that Ireland’s funds sector framework is resilient, future-proofed, supportive of financial
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