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ARTICLE · 28 NOVEMBER 2016

Over-Cautiousness And Mixed Messaging May Hamper Ireland's Financial Services

Political and economic affairs in the UK, USA and on mainland Europe suggest that 2017 and the period beyond will be a time of volatility and unpredictability.

IrelandFinance and Banking

Political and economic affairs in the UK, USA and on mainland Europe suggest that 2017 and the period beyond will be a time of volatility and unpredictability.

In difficulty there is opportunity. In the immediate aftermath of the Brexit referendum, many UK-based multinationals in the financial services sector signalled their interest in moving part or all of their existing and future operations to maintain access to the EU's Single Market using the 'financial services passport'. The potential windfall for this country, in terms of revenue and job creation, is unprecedented.

Perception matters, however. Consider our closest neighbours: there has been ongoing criticism of the British Government's preparedness for Brexit and its post-EU future. Irrespective of whether this criticism is warranted, Downing Street has seemingly done little to reassure businesses and investors of the potential opportunities ahead.  We risk falling into the same trap when wooing

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