Clearing House Group Minutes - Department of Taoiseach

3. Marketing and Messaging of the industry
Following a full calendar of activity year to date, there are now confirmed IFSC Ireland
events in London and Paris in June and September respectively. Additional opportunities are
being assessed, with a view to trips to Asia and South America in Q3 / Q4 2011. The goal is
to have engagements planned 6-9 months in advance, ensuring opportunities are maximised
and relevant meetings can be secured.
A successful event was also held in the ISE on 13 April, receiving positive media and
industry recognition.
IFSC Ireland is a privately funded body, and is not a representative or lobby group. It will be
engaging with international financial services companies to seek patron support over the
coming weeks.
4. Strategy Document – Update
A draft Industry Strategy paper discussed with the Working Group Chairs was circulated to
the other industry CHG members and feedback is now being received. The approach is
around key issues for the business environment, and the document should be relatively
uncontroversial. The next step is for the public sector to consider the material prepared, and a
meeting of the previously constituted Steering Group should take place to finalise the draft.
In parallel, the document will be circulated to a wider industry group to further develop
specific points. It is hoped to be able to present an agreed document at the next CHG
meeting.
5. Green IFSC
1) Green IFSC business plan development is nearing completion with a due date of 20 May
2011. The plan sets out the global context for a green IFSC Initiative and resources required
to achieve the vision over a 36-month period. In closing out the plan, the Green IFSC
Steering Group is being assisted by Accenture, KPMG and PwC.
2) Green IFSC brand development is scheduled for completion by 13 May 2011.
3) Green IFSC educational and skills strategy development is underway. Action Plan report
will be formulated within the next three-months. Forfas is assisting this process.
4) Green IFSC activity, to date, has been kept low-key as building out and developing real,
tangible support initiatives/strategies for the vision continues. Communicating to the wider
business community, domestic and internationally, is scheduled to begin in June.
6. AOB
Pension Funds Levy
Dave Fagan said he had been in contact with the Chair of the Pension Funds Group who
highlighted the potential impact this could have on cross-border pension funds.
Firstly, the impact would depend on how any levy is implemented:
· If it is levied on all pension arrangements established in Ireland, then it will put
an end to any prospects of establishing cross-border pension schemes in Ireland.