As Britain enters its new economic chapter, there is much deliberation over what form the financial services sector will take. Many reports have centred on the dominance of London within the financial services industry, but they neglect to highlight important regional locations such as Edinburgh which is seen as a major financial centre for fund management employing approximately 52,800 people. In a European context, Ireland is seen as a pre-eminent location for fund services with its international financial services sector employing 25,000 people. As such, this represents an excellent opportunity, in light of changing regulatory and policy environments, for UK regions and European partners to drive job growth and improve asset management servicing.
Enterprise Ireland, the government organisation which supports Irish firms in the export of internationally traded services, recently co-hosted with the Consular General of Ireland an event looking at enhancing the links between Ireland and Scotland’s vibrant Financial Services industries. The event organised by the Scottish Irish Finance Initiative provided a strong platform to advocate a harmonised approach to financial services.