IFS2020 A Strategy for Ireland’s International Financial Services sector 2015-2020

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Progress Report

Q1 2019

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Table of Contents

Foreword ..................................................................................................................................... 2

Progress Report ........................................................................................................................... 4

Strategic Priority 1: Promote Ireland as a location for International Financial Services & world class innovative products & services ..................................................................................................... 6

Strategic Priority 2: Drive continuous improvement in the operating environment & competitiveness of Ireland's IFS sector ....................................................................................... 11

Strategic Priority 3: Drive Research, Innovation & Entrepreneurship in the IFS sector, with a particular focus on financial technology & governance, risk & compliance ................................... 12

Strategic Priority 4: Develop job-creation opportunities from emerging IFS sub-sectors & new markets ……………………………………………………………………………………………………………………………………..13

Strategic Priority 5: Implementation Framework for IFS2020 ....................................................... 14

Appendix 1: Monitoring Dashboard ......................................................................................... 15

Appendix 2: Glossary of Terms ................................................................................................ 18

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Foreword I am pleased to introduce this progress report documenting the implementation of the IFS2020 Strategy, the Government’s strategy for Ireland’s international financial services (IFS) sector. This is the sixteenth IFS2020 update. It outlines progress made on the measures contained in the 2019 Action Plan during quarter 1 2019 (January – March 2019). I am pleased to say that all but 2 of the 11 measures due for

completion in 2019 were successfully completed on time. The first delayed measure was measure number #24. This measure is the development of a national roadmap to support the continued growth of Irish sustainable finance activities. However a specialist firm has been secured to support the development of the roadmap. Support has also been secured from the European Commission DGFISMA, the UN Environment Financial Centres for Sustainability and EIT Climate-KIC. The second delayed measure was number #26. This measure is assessing overseas models of fintech accelerators/hubs and their suitability in an Irish context. This assessment was due to be completed in Q1 2019 however it is on track to be completed in Q2 2019.

The highlight of Q1 2019 was the hosting of the fourth annual European Financial Forum on 13 February 2019 in Dublin Castle. I would like to thank the IDA for the significant resources they dedicated to the planning and delivery of the event and I am very much looking forward to the 2020 event. I would also like to thank the conference organising partner FT live for the work that went into the planning and logistics of the Forum and to the other Government Departments and Agencies who supported the IDA in planning the Forum. The speakers at the Forum included the CEOs of both State Street and Citi, plus the Chair of Barclays, the Vice Chair of Bank of America, and the President of Bank of China. This was complemented by the participation of leading international institutions including the Chairman of ESMA, the World Bank, the Asian Development Bank, the Bank of Japan, the US Federal Reserve and the EU Commission. The Forum serves as a centrepiece to attract senior decision makers to Ireland and several IDA client companies participated in itineraries around the event – viewing commercial office space, meeting with the Central Bank of Ireland and meeting with peer companies. This also included the opening of the S&P offices, on the following day, specifically organised to allow senior decision makers to participate as panellists at the Forum. Also to coincide with the EFF, it was announced that a new €20m venture capital fund aimed at Irish fintech and deep-tech start-ups is being established in Dublin by Finch Capital.

Besides the opening of S&P’s new offices Q1 2019 saw several new office openings that included:

• Hermes Investment Management • Muzinich • DTCC Ireland • Baillie Gifford • JPMorgan

MoS

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In Q1, I visited Hong Kong, Macau and Beiijing to promote Ireland for international financial services investment. While I was in Hong Kong I spoke at the Asian Financial Forum. I was pleased to be able to update delegates at the Asian Financial Forum on the work that has been done in Ireland in strengthening our commitment to using finance and financial services to fund investments needed to combat climate change. As part of my St Patrick’s Day programme I visited The Hague, Amsterdam, Munich and Cologne and promoted Ireland as a centre for international financial services. In my visits overseas I was greatly assisted by Team Ireland. The work undertaken by Team Ireland overseas cannot be underestimated and I am fully aware of the significant time and resources they devote throughout the year to promote Ireland economically and culturally across the world. I also think it is important to recognise that leaders in our financial services industry have also undertaken work in Q1 to promote opportunities in Ireland. The need for both the public sector and the private sector to continue to work together and the need for all actors within those sectors to continue to play their role will be essential if Ireland is to successfully build on the achievements in our international financial services sector over the last 30 years.

Michael D’Arcy TD Minister of State for Financial Services and Insurance Chair of the IFS2020 Joint Committee

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Progress Report

Table 1 Monitoring Dashboard – Measures for Delivery in Q1 2019

M Title Lead Deadline Q1

Strategic Priority 1 - Promote Ireland as a location for IFS & world class innovative products and services

1 The Department of Finance and the public sector will continue to prepare for the anticipated impact of Brexit on the financial services sector

D/FIN Quarterly

2 Further progress co-ordinated IFS messaging

IDA, EI and Comms Subgroup

Quarterly

3 Promote and market Ireland as a location for foreign direct investment (FDI) to international financial services (IFS) firms

IDA Quarterly

4 Industry promotion of IFS Ireland Brand IAC Quarterly

5 European Financial Forum 2019

IDA Q1

6 Host Fintech/financial services events in 2019

EI Q1

9 Present and update quarterly economic data on www.IFSIreland.com

PSCG, Comms sub-group

Quarterly

Strategic Priority 2 – Drive continuous improvement in the operating environment and competitiveness of Ireland’s IFS Sector

13 Ireland as a global location for private equity funds management

D/FIN Quarterly

19 Deliver the Diploma in International Financial Services Law

D/ES Q1

24 Develop a national roadmap to support the continued growth of Irish sustainable financial activities

Sustainable Nation Ireland

Q1

Strategic Priority 3 – Drive research, innovation & entrepreneurship in the IFS sector, with a particular focus on financial technology & governance, risk & compliance

26 Assess overseas models of fintech accelerators/hubs and their suitability in an Irish context

EI Q1

Strategic Priority 4 – Develop job-creation opportunities from emerging IFS sub-sectors and new markets [No measures to be reported on in Q1]

Strategic Priority 5 – Implementation framework for IFS2020

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M Title Lead Deadline Q1

33 Secretariat for Joint Committee D/FIN Ongoing

Legend

Measure delayed Measure at risk of being delayed Measure on track

Measure Complete

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Strategic Priority 1: Promote Ireland as a location for International Financial Services & world class innovative products & services This strategic priority focuses on enhancing Ireland’s standing and reputation as a location for, and producer of, international financial services and products, including innovative financial technologies. IFS2020 provides the context for a more strategic and coordinated approach to promoting, marketing and branding Ireland’s IFS sector internationally, leveraging the expertise and international reach of departments, state agencies and our embassy and consulate network, in conjunction with industry stakeholders.

Table 2 Strategic Priority 1: Promote Ireland as a location for IFS

Status at Q1 2019

M#1 The Department of Finance and the public sector will continue to prepare for the anticipated impact of Brexit on the financial services sector

Q1 2019 Update:

The public sector financial services sub-group continues to work on Brexit in terms of bilateral engagements with relevant stakeholders. An update in relation to contingency planning by Government, the Central Bank and financial service firms was provided at the quarterly meeting of the joint HLIC/IAC on 25 March 2019..

Measure on Track

M#2 Further progress co-ordinated IFS Messaging

Q1 2019 Update:

The Communications Subgroup of the Public Sector Coordination Group met regularly over the Q1 period, particularly in the lead up to the European Financial Forum (EFF) on 13 February, with its work concentrating on the following:

The IFS Messaging Pack (previously IFS Messaging Deck) was updated for Q1 both pre- and post-EFF. Content was streamlined, with an emphasis on articulating key messages for international audiences relating to Ireland’s IFS sector, IFS subsectors and overall business environment, and it is focused on presenting Ireland as a place to live, work and invest.

An updated IFS Calendar of Events for Q1 was compiled and circulated to members of the PSCG and the private sector. Input was provided by both the public and private sector.

The subgroup prepared an EFF Media Briefing Pack for international journalists and external audiences. This contained key information on Ireland’s IFS sector, IFS subsectors, overall business environment, economy and public finances, education and IFS talent offering, and on Ireland as a place to live, work and invest.

Measure on Track

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The subgroup developed a comprehensive communications plan to promote the European Financial Forum 2019. This included a schedule of press and social media activity, as well as resource materials including suggested Twitter messages and text for coordinated messaging.

M#3 Promote and market Ireland as a location for foreign direct investment (FDI) to international financial services (IFS) firms

Q1 2019 Update:

The IFS Division of IDA Ireland continues to work at home and abroad in the promotion of Ireland as the location of choice for specialist IFS investments.

During the period to the end of Q1 2019, international activity included a significant marketing effort by IDA executives in London the USA and Asia, which included the Asian Financial Forum in Hong Kong where Minister D’Arcy was a panellist, Funds Congress in London, Alpha Currents in New York and the ICI event in San Diego. As part of the St Patrick’s Day programme internationally, IDA attended and participated in a number of events including the North American Irish Funds programme.

In addition, there was a strong IFS component to the Davos meeting in January which included media interviews with the Chief Executive Officer of the IDA, Martin Shanahan on Brexit with Bloomberg, CNBC and France24. As part of the Saint Patrick Day’s programme Martin Shanahan conducted IFS related interviews with Yahoo Finance, Bloomberg and the Street.

In Ireland, the European Financial Forum was the focus of attention for February where there was significant attendance from IDA client companies across all target markets and all industry sectors. The event saw the highest number of itineraries organised as part of the Forum for clients.

There was a significant international media presence at the forum. In addition the global daily edition of the Financial Times (2.2 million readers) carried a four-page supplement on Ireland and Financial Services. The Forum was the subject of a broad range of coverage from heavy coverage in the domestic outlets to articles in the Washington Post, the New York Times and the Xinhua News Agency.

January was also the time for the Aircraft Leasing conferences where the industry came to Dublin for an intensive week of meetings and was the focus for client engagement with the target companies looking to establish operations in Ireland.

The first quarter saw strong numbers in traffic in to Ireland with the IDA team hosting numerous site visits from new and potential investors with a strong focus on technology and on data and analytics. The quarter also saw several new office openings that included:

Hermes Investment Management

Muzinich

DTCC Ireland

S&P

Measure on Track

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Baillie Gifford

JP Morgan

The Minister of State for Financial Services and Insurance Michael D’Arcy TD attended the Asian Financial Forum in Hong Kong, participated in a panel discussion and met with a range of public and private sector delegations.

While he was in Hong Kong, Minister of State D’Arcy also met a number of people in Hong Kong, Macau and Beijing to advance Irish trade links across Asia and to promote Ireland’s international financial services sector.

The Irish overseas network of the Department of Foreign Affairs and Trade supported a number of other IFS related events including:

The Ambassador to Hungary met with senior management of an investment and securities firm which is establishing a presence in Ireland, to discuss the company’s experience of establishing in Ireland.

The Ambassador to Finland met with the Finnish subsidiary of a major financial advisory multinational, which has operations in Ireland, to discuss the company’s plans for the Finnish market and Nordic region.

Embassy New Delhi supported participation by Martin Shanahan, IDA, in the Economic Times Global Business Summit in India, as well as promotion of Ireland as a business location.

The Ambassador to Nigeria, accompanied by an Enterprise Ireland representative, met with senior management of a Nigerian multinational bank, to learn more about the Nigerian financial system and the bank’s operations

The Deputy Head of Mission in Korea met with senior management of a funds, governance and risk company which has operations in Ireland, to discuss financial services and the business climate in Korea.

Embassies and Consulates in Beijing, Shanghai, Tokyo, Singapore and Seoul facilitated a series of meetings by Sustainable Nation Ireland with financial services companies and organisations.

M#4 Industry promotion of IFS Ireland Brand

Insurance Ireland have included IFS Ireland Brand in its launch and subsequent promotion of the European Insurance Forum scheduled for October 2019

Irish Funds undertook the following industry promotion which included the IFS Ireland Brand

March 2019 o San Diego, St Patrick’s Day Reception - March 17 o New York, Seminar - March 14 o Washington DC, Seminar - March 13 o Chicago, Seminar - March 11

Measure on Track

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February 2019 o Dublin, Irish Funds FinTech Working Group Speaker Series

Feb 21

January 2019 o Shanghai, Seminar with SAMA - January 18 o Beijing, Seminar with IAMAC - January 17 o Beijing, Seminar with AMAC - January 16 o Hong Kong, Seminar hosted by HKEx - 2019

The IFS sector was represented at the Ibec Business Leaders’ Summit on the ‘Securing our Economic Future’ panel session (February 26, CCD Dublin). The Summit was attended by 350+ national and international business representatives.

On March 19, Ibec and Financial Services Ireland held their annual St. Patrick Day event at the Yehudi Menuhin Gallery of the European Parliament. The IFS brand was promoted at the event.

M#5 European Financial Forum 2019

The fourth European Financial Forum took place in Dublin Castle on 13 February 2019. Organised in partnership with the Financial Times, the Forum had a maximum capacity of 700 delegates, from 330 different organisations, with 40 per cent of the full day attendees coming from overseas (20+ different countries) plus afternoon attendees.

An unparalleled line up of C-suite keynotes from the public and private sector that featured the strongest line up of senior speakers achieved to date. These included the CEOs of both State Street and Citi, plus the Chair of Barclays, the Vice Chair of Bank of America, and the President of Bank of China. This was complemented by the participation of leading international institutions including the Chairman of ESMA, the World Bank, the Asian Development Bank, the Bank of Japan, the US Federal Reserve and the EU Commission. In addition to these international stakeholders the Forum featured an address by An Taoiseach Leo Varadkar TD; Minister for Finance Paschal Donohoe TD; along with Minister of State Michael D’Arcy TD and the Governor of the Central Bank Philip Lane.

The 2019 Forum saw the strongest delegate list since the Forum’s inception, with significant attendance from a broad range of IDA client companies - including those who have opened offices in Ireland as a result of Brexit, in addition to the installed base of existing clients. On the day Martin Shanahan held individual bi-lateral meetings with several high-profile new name target companies and the existing client base. The Forum serves as a centrepiece to attract senior decision makers to Ireland and several IDA client companies participated in itineraries around the event – viewing commercial office space, meeting with the Central Bank of Ireland and meeting with peer companies. This also included the opening of the S&P offices, on the following day, specifically organised to allow Senior Decision Makers to participate as panellists at the Forum.

Measure Complete

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There was a significant international media presence at the Forum with media organisations plus the global daily edition of the Financial Times (2.2 million readers), which carried a four-page supplement on Ireland and international financial services. Domestically the Forum led the news on RTE and the leading print titles with the comments of Governor Lane on the impact of Brexit. Internationally the insights offered by senior executives such as Anne Finucane of Bank of America on the cost of Brexit to the company ($400m) and their plans for the future of their EU operations, which were picked up by multiple news channels.

M#6 Host Fintech/financial services events in 2019

Q1 2019 Update:

Activities in this space to date in 2019 has included the following.

1. EI and the IDA took a stand at the Asia Financial Forum (14 -15 January) to coincide with Minister D’Arcy’s visit to Hong Kong and Macau where he spoke at the Forum. Minister D’Arcy also hosted a joint EI/IDA Ireland dinner for key clients and contacts of both agencies during his visit.

2. To coincide with the European Financial Forum, Enterprise Ireland organised an International Buyers event on 12 February. Opened by Minister of State D’Arcy this was one of several events held on the margins of the EFF. Around 40 appropriate EI clients attended prearranged one-to-one meetings with around 35 overseas buyers. The buyers were organised and accompanied by a number of Enterprise Ireland’s fintech market advisers.

Also to coincide with the EFF, it was announced that a new €20m venture capital fund aimed at Irish fintech and deep-tech start-ups is being established in Dublin by Finch Capital

On 25 February, EI organised an evening event hosted by Minister D’Arcy with industry leaders in Brussels to coincide with his participation at the third

Annual Fintech Conference on 26 February. 2019.

Measure on Track

M#9 Present and update quarterly economic data on www.IFSIreland.com

Q1 2019 Update: IDA Ireland and the Department of Finance have collated data from relevant sources and this data has been updated on the IFSIreland.com website

Measure on Track

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Strategic Priority 2: Drive continuous improvement in the operating environment & competitiveness of Ireland's IFS sector

This strategic priority focuses on the importance of improving Ireland’s standing as a competitive location for innovative IFS companies. It covers a broad range of issues, including education and skills; promotion of IFS as a career option for young people; promotion of Ireland as an attractive location for mobile international talent; promoting the regional dimension of Ireland for IFS; developing the business environment for IFS, including the regulatory, and infrastructure arrangements.

Table 3 Strategic Priority 2 Operating environment & Competitiveness

Status at Q1 2019

M#13 Ireland as a global location for private equity funds management

Q1 2019 Update: Updating of the Investment Limited Partnership Act 1994 is ongoing. Drafting is underway.

Measure at risk of

being delayed

M#19 Deliver the Diploma in International Financial Services Law

Q1 2019 Update:

The diploma course commenced in Q1.

Measure on Track

M#24 Develop a national roadmap to support the continued growth of Irish sustainable financial activities

Q1 2019 Update: A consultancy firm has been secured to support the development of the roadmap. Support has also been secured from the European Commission DG FISMA, the UN Environment Financial Centres for Sustainability and EIT Climate-KiC. The process is now underway with stakeholder engagement being rolled out from the first week of April 2019.

Measure delayed

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Strategic Priority 3: Drive Research, Innovation & Entrepreneurship in the IFS sector, with a particular focus on financial technology & governance, risk & compliance

This strategic priority focuses on the significant role of research, innovation and entrepreneurship in developing Ireland’s status as a leading global location for financial services. The objective is to continue to develop and promote Ireland as a centre for innovative, scaling and next generation companies with world-class capabilities in financial technology, governance, risk and compliance, working within an innovative ecosystem that supports advanced research and commercialisation in areas such as data analytics, mobile banking/payments, cloud computing, etc.

Table 4 Strategic Priority 3: Research, Innovation and Entrepreneurship

Status at Q1

2019

M#26 Assess overseas models of fintech accelerators/hubs and their suitability in an Irish context

Q1 2019 Update:

There are a growing number of Fintech accelerator programmes and

innovation hubs related to fintech and examples of models that could

be leveraged in an Irish context.

The purpose of this assessment is to examine the international fintech and innovation hub landscape and accelerator landscape from which learnings might be derived. There is a significant level of activity in this space by both private and public bodies.

A draft terms of reference has been developed with key questions to provide a framework for the analysis together with specific questions. The approach underway is principally desk-based information in the public domain, from Enterprise Ireland’s market research centres and a survey of EI’s overseas offices in relevant areas. The output will be a baseline document outlining activities which can be pursued for further discussion. This includes the approach to accelerators and innovation hubs by large financial institutions particularly those with a presence in Ireland. A draft baseline document is due to be completed by the end of March 2019.

Measure delayed

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Strategic Priority 4: Develop job-creation opportunities from emerging IFS sub-sectors & new markets

This section reports on progress in developing new opportunities across emerging sub-sectors that are identified throughout the lifetime of the IFS2020 Strategy.

Table 5 Strategic Priority 4: Develop job-creation opportunities from emerging IFS sub-sectors & new markets

Status at Q1

2019

There were no measures under Strategic Priority 4 to be reported on in Q1

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Strategic Priority 5: Implementation Framework for IFS2020 The implementation of the IFS2020 Strategy is supported by a secretariat in the Department of Finance. The Strategy is driven by a structured process ensuring quarterly oversight of the implementation of the annual action plans which allow for structured interaction between industry and Government.

Table 6 Strategic Priority 5: Implementation Framework for IFS2020

Status at Q1

2019

M#33 Secretariat for Joint Committee

During the quarter the Secretariat:

supported the Minister of State in formulating the successor strategy to IFS2020,

supported the Minister of State in promoting the IFS2020 strategy,

finalised the Q4 progress report on the implementation of the 2018 Action plan on the basis of material supplied by stakeholders,

drafted the Q1 progress on the implementation of the 2019 Action Plan on the basis of material supplied by stakeholders and obtained approval for it at the Joint Committee (HLIC/IAC) meeting on 25 March 2019.

Ongoing

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Appendix 1: Monitoring Dashboard Action M Title Lead Deadline Q1 Q2 Q3 Q4

1 Promote Ireland as a location for IFS & world class innovative products and services

1 The Department of Finance and the public sector will continue to prepare for the anticipated impact of Brexit on the financial services sector.

D/FIN Quarterly

2 Further progress co-ordinated IFS messaging

Comms sub-group, IDA, EI

Quarterly

3 Promote and market Ireland as a location for foreign direct investment (FDI) to international financial services (IFS) firms

IDA Quarterly

4 Industry promotion of IFS Ireland Brand

IAC Quarterly

5 European Financial Forum 2019 IDA Q1 2019

6 Host Fintech/financial services events in 2019

EI Q1 2019

7 Expand Enterprise Ireland’s Irish Advantage campaign fintech and patments

EI Q2 2019

8 Promote regional locations for second site operations to support growth by IFS companies located in or near Dublin

EI, IDA Q4 2019

9 Present and update quarterly economic data on www.IFSIreland.com

PSCG, Comms sub-group

Quarterly

10 Host a number of events at which Ireland will be promoted as a location for international insurance services

Insurance Ireland Q2 and Q4 2019

2 Drive continuous improvement in the operating environment and competitiveness of Ireland’s IFS sector

11 EU legislative / Regulatory Proposals

Industry Representatives

Q2 and Q4 2019

12 Drive operational excellence of financial services and fintech companies

EI Q2 2019

13 Ireland as a global location for private equity funds

D/FIN Quarterly

14 Regulation of crowdfunding D/FIN Q4 2019

15 Continue to monitor the skills needs of the IFS industry and stakeholder engagement on education and skills

D/ES Q4 2019

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16 Liaise and inform regarding changes to Ireland’s network of double taxation agreements

D/FIN Q2 2019

17 IFS Apprenticeship Programme D/ES Q4 2019

18 Deliver an IFS Legal Brexit Summit D/ES Q2 2019

19 Deliver the Diploma in International Financial Services Law

D/ES Q1 2019

20 Develop and deliver a new modular MSc in Applied Blockchain (Distributed Ledger Technologies)

D/ES Q4 2019

21 Deliver and extend the postgraduate programme in applied alternative assets

Institute of Banking Q4 2019

22 Deliver an accredited programme in risk, governance, ethics and culture

Institute of Banking Q4 2019

23 Launch a targeted campaign to support people who wish to change career

Institute of Banking Q4 2019

24 Develop a national roadmap to support the continued growth of Irish sustainable finance activities

Sustainable Nation Ireland

Q1 2019

25 Measures in sustainable finance

(a) Continue to advance responsible investment best practices across all Irish located asset classes

(b) Undertake a deep sector analysis of future sustainable finance and responsible investment skills and talent requirements, while continuing to develop training programmes in sustainable finance and responsible investment supported by Sustainability Skillnet

SIF Ireland Sustainability Skillnet

Q3 2019 Q3 2019

3 Drive research, innovation & entrepreneurship in the IFS sector, with a particular focus on financial technology & governance, risk & compliance

26 Assess overseas models of fintech accelerators/hubs and their suitability in an Irish context

EI Q1 2019

27 Conduct a fintech census in 2019 EI Q3 2019

28 Undertake a feasibility study into the development of a Sustainable Finance Innovation programme

Sustainable Nation Ireland

Q3 2019

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supporting the development of new IFS products and services in support of the environmental, social and governance (ESG) agendas

4 Develop job-creation opportunities from emerging IFS sub-sectors and new markets

29 Engage at EU level on Capital Markets Union proposals

D/FIN Q2 2019

30 Engage at EU level on Sustainable Finance proposals

D/FIN Q3 2019

31 Co-host the European Climate Finance Innovation Summit in Dublin in May 2019 and organise Ireland’s second climate week

Sustainable Nation Ireland

Q2 2019

32 Continue to support international collaboration efforts to mobilise global financial centres in support of the sustainability agenda

Sustainable Nation Ireland

Q4 2019

5 Implementation framework for IFS2020

33 Secretariat for Joint Committee D/FIN Quarterly

Legend

Measure delayed Measure at risk of being delayedMeasure on trackMeasure Completed

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Appendix 2: Glossary of Terms

AI Artificial Intelligence

BPFI Banking & Payments Federation Ireland

CBI Central Bank of Ireland

Comms Subgroup Communications Sub Group of the IFS2020 Public Sector Co-Ordination Group

ESG Environmental, Social and Governance

D/BEI Department of Business, Enterprise and Innovation

D/ES Department of Education and Skills

D/FAT Department of Foreign Affairs and Trade

D/FIN Department of Finance

D/TTAS Department of Transport, Tourism and Sport

EI Enterprise Ireland

EFF European Financial Forum

FIBI Federation of International Banks in Ireland

FPAI Fintech & Payments Association of Ireland

FSI Financial Services Ireland

HLEG High Level Expert Group

HLIC High Level Implementation Committee

IAC Industry Advisory Committee

IAIM Irish Association of Investment Managers

IFS International Financial Services

IMI Irish Management Institute

ISIF Ireland Strategic Investment Fund

NCADF National Civil Aviation Development Forum

PSCG Public Sector Co-ordination Group

SFI Science Foundation Ireland

SME Small and medium-sized enterprises

SNI Sustainable Nation Ireland