Complacency ‘threatens growth of the financial services industry’

INTERNATIONAL financial services contribute €1 in €8 of corporation tax in Ireland, but complacency is threatening its growth.

Speaking at the Financial Services Ireland (FSI) annual lunch in Dublin yesterday, FSI chairman Denis Casey called for greater recognition of its importance.

“The International Financial Services Centre has been a key driver of Irish services export growth, accounting for over one-third of all service exports,” he said.