Press Release 24 Jan 2017 Dublin, Tuesday 24th January 2017 - Leading global financial institutions, policy makers, entrepreneurs and innovators will participate today in the European Financial Forum (EFF) in Dublin Castle. The Forum, organised by IDA Ireland in association with the FT and IFS Ireland, which is to be opened by the Taoiseach Enda Kenny T.D., is a European platform for top decision-makers and influencers in the public, private and regulatory fields of financial services to explore the disruptive forces that are shaping the financial sector into the future and discuss where opportunities lie. “The European Financial Forum is an opportunity for senior industry decision-makers, policy-makers and academics to discuss how they see the European and Global Financial Services industry evolving.” “I expect the implications of a British exit from the European Union will form a large part of our discussion’s today. The outcome of the UK Brexit referendum has created the need for companies to reconsider their European footprint – and IDA will be explaining why Ireland is the most attractive location in which to invest in a post-Brexit world.”I expect the implications of a British exit from the European Union will form a large part of our discussion’s today. The outcome of the UK Brexit referendum has created the need for companies to reconsider their European footprint – and IDA will be explaining why Ireland is the most attractive location in which to invest in a post-Brexit world.Martin Shanahan, CEO, IDA Ireland “Ireland’s proposition of EU market access, regulatory passport, global product distribution, cost effectiveness, deep domain knowledge, innovative technology offerings and superior customer service together with English language and a Common Law system will continue to prove compelling to financial services companies” commented Martin Shanahan, CEO, IDA Ireland. Major themes to be explored this year include the financial services landscape; Asia-Europe; and Disruptive Innovation. The Forum will also focus on the latest macroeconomic and regulatory scenarios, and the impact of Brexit and implications for banking and financial services. In addition to a strong European and North American attendance, the forum has also attracted a number of senior contributors and attendees from Asia. Speakers for EFF 2017 include: An Taoiseach Enda Kenny; Eoghan Murphy T.D. (Minister of State with responsibility for Financial Services); Philip Lane (Governor of the Central Bank of Ireland); Jin Liqun (President of the Asian Infrastructure Investment Bank); Philip Hildebrand (Vice President of Blackrock), Noreen Doyle (Vice-Chair of the Board of Directors of Credit Suisse), Mary Mitchell O’Connor T.D. (Minister for Jobs, Enterprise and Innovation) Sean Berrigan (Deputy DG, DG FISMA, European Commission); James Cowles (CEO, Europe, Middle East and Africa, of Citi Group) and Qi Bin (Executive Vice President of the China Investment Corporation) Ireland is a globally-recognised centre for specialist IFS. Ireland is home to over 400 IFS companies, foreign-owned and indigenous, spread throughout the country employing over 40,000 people. Snapshot of IFS in Ireland:400 IFS companies40,000 employees in the IFS SectorNo. 1 location worldwide for Alternative Investment Funds€3.8trn of assets under administration – over 13,000 funds, and 840+ promoters from 50 countries17 of the top 20 global banks are based in Ireland.8 of the top 10 global aviation lessors and over 60% of the world’s leased commercial aircraft owned or managed from Ireland.Half of top 20 insurance companies have a presence in IrelandIreland is home to some of the world’s largest IFS companies in sub-sectors such as banking, funds, asset management and investment, insurance and reinsurance, FinTech and aircraft leasing.