Ireland needs to 'stimulate innovation' to grow the financial services sector, report says  

Irish financial services could expand by 26% by 2028, new report from consultancy firm EY has said

Financial services managing partner at EY Ireland Colin Ryan: 'The opportunity before us is immense.'

Ireland needs to use regulation to “stimulate innovation” as well as take advantage of a number of key strengths in order to grow the financial services sector across the country, a new report from consultancy firm EY has said.

The report is based on interviews with 140 senior financial leaders across the country, as well as an analysis of the 10 fastest growing financial service markets globally. It highlights Ireland’s technology sector, strong regulatory and legal frameworks, and access and proximity to the EU single market as key competitive strengths going forward.