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Sasko Lazarov/Photocall Ireland

Taoiseach ‘will consider’ streaming meetings of IFSC management group

Enda Kenny will consider proposals from a Labour backbencher to bring transparency to the group overseeing the IFSC.

TAOISEACH ENDA KENNY has agreed to consider a series of proposals from a backbench Labour TD to bring greater transparency to the body that oversees the development of the Irish Financial Services Centre.

The Taoiseach has said he will consider proposals from Dublin South East deputy Kevin Humphreys who asked him to consider streaming meetings of the IFSC’s Clearing House Group and related groups live on the internet.

The discussion comes after a series of TDs from all sides of the Dáil questioned the transparency of the group, which includes representatives of the financial companies based there.

The clearing house, which is chaired by the government’s chief civil servant Martin Fraser, was founded in 1987 and provides the main platform for government figures to discuss matters relating to the IFSC and its potential expansion, alongside the companies who work there.

TDs have occasionally complained that the ability of large corporations to engage with staff at the highest levels of the civil service gives them a lobbying opportunity that others do not enjoy.

In a series of parliamentary questions, Humphreys asked Kenny to also consider reporting on the group’s discussions to the Oireachtas finance committee, and to make minutes and reports of the group’s meetings online.

Kenny said that although he was satisfied with the current arrangements, which include occasional visits from the Taoiseach to the finance committee and of the secretary-general to the Public Accounts Committee.

He added, however, that he was “open and willing” to explore additional ways of making the IFSC’s deliberations more accessible to the general public, and said he had asked his officials to consider the suggestions.

The group’s current membership includes figures from a range of government departments and bodies like the Revenue Commissioners and the central bank, as well as representatives from KPMG, Bank of America, Citi, State Street and BNY Mellon.

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4 Comments
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    Mute Morning Gus
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    Apr 29th 2020, 10:18 PM

    3/10 – I must have been too scared to look.

    52
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    Mute Gerard Moroney
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    Apr 29th 2020, 10:26 PM

    @Morning Gus: 3/10 also..

    13
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    Mute Stephen
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    Apr 30th 2020, 12:25 AM

    Am I right in saying wrong photo with Q1?

    37
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    Mute XvSv
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    Apr 30th 2020, 3:10 AM

    @Stephen: ….well the photo shows James Stewart alright , but you are certainly correct it has nothing to do with the Hitchcock movie Rear Window….

    This photo seems to from that other James Stewart classic its A Wonderful Life….

    42
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    Mute Shamey
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    Apr 30th 2020, 11:18 AM

    @Stephen: Am I right in saying you got in wrong?

    7
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    Mute Thomas Corrigan
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    Apr 29th 2020, 11:14 PM

    9/10 the money in psycho. 40000 a lot in 1960

    37
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    Mute Clyde
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    Apr 29th 2020, 11:46 PM

    @Thomas Corrigan: Can play on your mind tho’.

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    Mute MrsWoman
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    Apr 30th 2020, 12:49 AM

    @Thomas Corrigan: same here. I guessed 30k

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    Mute Lee Lindsay
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    Apr 30th 2020, 3:02 AM

    @Thomas Corrigan: I was torn between 20k and 40k, guessed wrong. Ruined a perfect ten

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    Mute Pauline Gallagher
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    Apr 29th 2020, 10:16 PM

    Yay clever cat 8/10.

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    Mute Geraldine Glynn
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    Apr 30th 2020, 2:30 PM

    Thought I knew more!

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    Mute Mary Conneely
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    Apr 29th 2020, 11:12 PM

    6 out of 10 guesses…delighted.

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    Mute Colm Lambert
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    Apr 30th 2020, 10:05 AM

    7 out of 10 myself.

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    Mute Sean May
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    Apr 30th 2020, 11:07 AM

    @Colm Lambert: Yep. Same for me. Was actually surprised I did so well.

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    Mute James Walsh
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    May 1st 2020, 7:48 AM

    9/10, although that does include a couple of lucky guesses

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