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.
The sector’s 600 firms currently employ around 61,000 people across the country.
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.
The plan contains a major focus on technology and digital transformation, including AI, digital assets and tokenisation.
Under the strategy, a new Digital Assets Industry Group will be established, while legislation will be reviewed to support areas including tokenised investment funds.
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.
Tánaiste and Minister for Finance Simon Harris and Minister of State Robert Troy will launch the strategy later today.
Mr Harris is expected to say that the Government wants to build on the sector’s strong employment growth over the past decade, while ensuring Ireland remains competitive.
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.
The launch of the new strategy comes ahead of the 40th anniversary of the establishment of the IFSC next year.
