Clearing House Group Minutes - Department of Taoiseach

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3. Marketing and Messaging of the industry Pat Farrell and IDA reported that an update on the IFSC Ireland programme of events is to be provided and circulated to the Group. A set of proposed events with John Bruton (IFSC Ireland) are being considered for 2012. 4. Adoption of Strategy Document The Chair proposed the final draft of the strategy document as circulated for adoption on behalf of the Group and for submission to Government. Two amendments of an uncontroversial nature were noted as pending in respect of educational links and payments. Brendan Bruen thanked industry and public sector members of the group for their assistance. He noted that further work was now being undertaken to plan implementation and ownership of the various elements of the strategy. The Chair thanked the Group for their contribution in bringing the Strategy to completion. The proposal to adopt the strategy was agreed unanimously and the Chair indicated that it would be submitted to Government in the coming weeks. 5. Green IFSC Padraig Rushe reported that the implementation plan in draft form was now with the IDA and EI for validation. He said it was a comprehensive document covering all aspects of the transition to a global low-carbon economy. Kieran Donoghue acknowledged that the IDA received the document on 10 June and that the intention was to establish an Expert Group with international expertise to evaluate the proposal and funding by September 2011. 6. AOB Tim Hennessy updated the meeting on the Insurance Compensation Fund, the concern of the industry that the statutory basis of the Fund no longer reflects the reality of the non-life insurance industry established here, and the severe competitive damage that the imposition of the proposed levy would have on the international industry. It was noted that since the last CHG meeting, the Taoiseach had written to Minister Noonan highlighting the concerns of the international non-life insurance industry. 7. Next Meeting The next meeting takes place at 9.30am on Thursday 14 July, 2011.
IFSC Clearing House Group 12 May 2011 Department of the Taoiseach, Room 308 at 9.30am Attendance Dermot McCarthy (Chair) Michael Sludds (Secretary) Kieran Donoghue Gary Tobin Jim Byrne Bob Keane Fergus Murphy Brendan Bruen Tony Golden Padraig Rushe Robert Richardson Brian Daly Paul McGowan Tim Hennessy David Fagan Gary Palmer Julie Sinnamon Pat Casey Pat Farrell David Guest Patrick Brady 1. Apologies Kevin Cardiff Matthew Elderfield William Beausang Pat Wall Neil Ward Willie Slattery Barry O‟Leary John Feely Deirdre Somers Peter Keegan Breda Power D/Taoiseach D/ Taoiseach IDA Ireland D/Finance Revenue D/ETI FSI FSI CITI Bank of Ireland Pioneer Investments KPMG Chair Funds Group Axis Capital/FSI Legal & General IFIA Enterprise Ireland D/Finance IBF/FIBI Ulster Bank Central Bank D/Finance Central Bank D/Finance PWC BMO State Street IDA Ireland Attain ISE BOAML D/JEI 2. Minutes and Matters arising The Minutes of the meeting of 23 March 2011, as circulated, were agreed.
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Clearing House Group Minutes - Department of Taoiseach

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