Funding to support the financial system

Ireland“One of the first conversations I had with Seán Dorgan, then the CEO of the IDA when I started in SFI, was related to a proposal that had come from the Department of the Taoiseach that more q research and training be carried out in the area of financial maths. The IFSC is a spectacular success story but it needed an extra layer of activities to keep it as a world leading location for financial transactions. The concern which had been expressed by the IFSC Clearing House Group and by an analysis of the future skills performed by Forfás was that the more routine administrative tasks at the IFSC would be moved to less expensive locations and hence that the IFSC should shift to higher levels skills in financial management as opposed to administration …” (more)

[Frank Gannon’s Blog, 16 October]

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