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ARTICLE · 02 FEBRUARY 2024

Progress Update On Irish Funds Sector Review

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The Irish Department of Finance has published a Progress Update on their ongoing review of the funds sector in Ireland. The review, under interlinked themes of open markets...

IrelandFinance and Banking
Shane Geraghty
Shane Geraghty
Gayle Bowen
Gayle Bowen

The Irish Department of Finance has published a Progress Update on their ongoing review of the funds sector in Ireland. The review, under interlinked themes of open markets, resilient markets and developing markets, is seeking to ensure that the Irish funds sector is resilient, future-proofed, supportive of macro-prudential stability, and continues to meet international best-practice standards.

The progress update highlights the main trends, risks, challenges and opportunities facing the funds industry in Ireland out to 2030. The main trends identified include: (i) the continued growth in the ETF market; (ii) the increased demand for access to private asset classes; (iii) the pressure on costs and fees; (iv) consolidation within the asset management sector and the preference for funds being established in one rather than multiple jurisdictions; (v) ESG, and (vi) increasing deployment of technological and digital solutions. Other areas identified as worthy of

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