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Financial Services In The Republic Of Ireland
Financial services in Ireland refers to the services provided by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. The market for the provision of financial services in Ireland is dominated by the two large banking groups Allied Irish Banks and Bank of Ireland. However competition from domestic, overseas and internet providers ensures consumer choice. Regulation The regulator of financial services in Ireland is Central Bank of Ireland. Financial derivatives in Ireland Ireland has a well developed market for financial derivatives, with its annual value being measured in $ billions. Most common are interest rate swaps and foreign exchange transactions used by businesses to manage their risk and support their currency requirements. Ireland's strong funds and insurance sectors are also significant users of derivatives, as are other special purpose vehicl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FEXCO
Fexco is an Ireland-based financial services and financial technology company focusing on bureau de change and payment card services. Its head office is located in Killorglin, County Kerry. As of 2019, Fexco reports it has more than 2,500 staff and of these, 1,200 are based in Ireland, with other staff in 29 countries worldwide, including the UK, Spain, New Zealand, United States, Middle East and Asia. History Fexco was set up in 1981 by Brian McCarthy, originally to provide bureau de change services to the Irish market. McCarthy, now acting as Fexco chairman, is also chairman of the Irish Prisons Board. Former Tánaiste Dick Spring was appointed as an executive vice-chairman of Fexco in 2002. As of 2009, services offered by Fexco included prize bonds, dynamic currency conversion and related customer services. In 2010, Fexco acquired 75% of Goodbody Stockbrokers for a reported bargain price of €24 million with the management take the remaining 25% stake in the business. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RaboPlus
Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Rabobank Nederland), and many specialised international offices and subsidiaries. Food and agribusiness constitute the primary international focus of the Rabobank Group. Rabobank is the second-largest bank in the Netherlands in terms of total assets. In terms of Tier 1 capital, the organisation is among the 50 largest financial institutions in the world. As of 2022, total assets amount to €628 billion with a net profit of €2.7 billion. Rabobank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. History Rooted in agriculture, Rabobank is set up as a federation of local credit unions that offer servi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quinn Group
Mannok, formerly the QUINN group, is a business group headquartered in Derrylin, County Fermanagh, Northern Ireland. The group has ventured into cement and concrete products, container glass, general insurance, radiators, plastics, hotels, and real estate. It was formed by Seán Quinn in 1973, developing from a small quarrying operation in Derrylin into a large organization, employing over 8,000 people in various locations throughout Europe. From 2004 the group saw great expansion throughout Europe, with radiator and plastic manufacturing plants in the United Kingdom, Germany, Belgium, France, Spain and Slovakia. The group property portfolio also includes hotel and business centres in Poland, Bulgaria, Ukraine, Turkey, and Russia. Its first venture into the cement industry was in 1989. The commissioning of its first container glass plant was in 1998. It acquired the health insurer Bupa Ireland in 2007. On 30 March 2010, following an application by the Central Bank of Ireland, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks
Lists of banks are contained in the following articles: By continent * List of banks in Africa – Each country in Africa has a list of banks operating in that country * List of banks in Asia – Each country in Asia has a list of banks operating in that country * List of banks in the Americas – Each country in the Americas has a list of banks with operations in that country * List of banks in Europe – Each country in Europe has a list of banks operating in that country * List of banks in Oceania – Each country in Oceania has a list of banks operating in that country By super continent or intercontinental region * List of banks in the Arab world – Each Arab country has a list of banks operating in that country * List of largest banks in Southeast Asia – Each country in Southeast Asia has a list of banks with operations in that country Other lists * List of international banking institutions – List of international and multilateral financial institutions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laser (debit Card)
Laser was a debit card scheme in Ireland between 1996 and 2014. It was operated by Laser Card Services Limited, a non profit body owned by four leading financial institutions in Ireland and overseen since 2008 by the Oversight Unit of the Central Bank. The scheme was launched in April 1996, and in 2010, there were almost three million Laser cards in circulation. 195 million transactions worth almost €11.2 billion were carried out on those cards in 2009. From 2007, the financial institutions which had issued Laser cards began to replace them with Visa or MasterCard debit cards. Laser cards were withdrawn from the market on 28 February 2014. Use Laser was primarily an electronic point of sale debit card, but could also be used by telephone and internet, at ATMs and to pay regular bills by direct debit. When purchasing goods or services with a Laser card up to €100 cashback could be given to cardholders and this value was simply added to the purchase price. Some retailers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Stock Exchange
Euronext Dublin (formerly the Irish Stock Exchange, ISE; ) is Ireland's main stock exchange, and has been in existence since 1793. The Euronext Dublin lists debt and fund securities and is used as a European gateway exchange for companies seeking to access investors in Europe and beyond. With over 35,000 securities listed on its markets, the exchange is used by over 4,000 issuers from more than 85 countries to raise funds and access international investors. A study by Indecon (international economic consultants) published in 2014 on the Irish Stock Exchange found that having a local stock market and securities industry directly supports 2,100 jobs in Ireland and is worth €207 million each year to the Irish economy. It also found that having a domestic securities industry centred on the Irish Stock Exchange generates €207 million in estimated direct economic impact (measured in Gross Value Added or GDP) and €230 million in direct tax for the Irish exchequer (including stam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish League Of Credit Unions
The Irish League of Credit Unions (ILCU) ( Irish: Conradh na hÉireann de Chomhair Chreidmheasa) is a trade association for credit unions in Ireland. It operates in both the Republic of Ireland and Northern Ireland. It is an unincorporated body governed by a board of directors elected by member credit unions. History The Credit Union movement in Ireland arose out of the Dublin Central Cooperative Society, which was formed in 1952 with the following office holders: Chairman: Thomas Hogan; Secretary: Seamus McEoin, a civil servant; and Treasurer: Eugene O'Riordan, an engineer and native of Macroom, County Cork. The aims and objectives were to promote industry to create jobs. In 1954 the chairman, Thomas Hogan, died and in the ensuing officer shuffle Seamus McEoin became chairman. Eugene O'Riordan remained as the treasurer and Nora Herlihy, a National School teacher from Ballydesmond, who had recently joined the society, was elected Secretary. Eugene O'Riordan set up the Dubli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Enterprise Exchange
Irish commonly refers to: * Someone or something of, from, or related to: ** Ireland, an island situated off the north-western coast of continental Europe ***Éire, Irish language name for the island and the sovereign state ***Erse (other), Scots language name for the Irish language or Irish people ** Republic of Ireland, a sovereign state ** Northern Ireland, a constituent unit of the United Kingdom of Great Britain and Northern Ireland * Irish language, a Celtic Goidelic language of the Indo-European language family spoken in Ireland * Irish English, set of dialects of the English language native to Ireland * Irish people, people of Irish ethnicity Irish may also refer to: Places * Irish Creek (Kansas), a stream in Kansas * Irish Creek (South Dakota), a stream in South Dakota * Irish Lake, Watonwan County, Minnesota * Irish Sea, the body of water which separates the islands of Ireland and Great Britain People * Irish (surname), a list of people * William Irish, pseu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Financial Services Centre, Dublin
The International Financial Services Centre (IFSC; ) is an area of central Dublin and part of the Central business district, CBD established in the 1980s as an urban regeneration area and special economic zone (SEZ) on the derelict state-owned former port authority lands of the Land reclamation, reclaimed North Wall, Dublin, North Wall and George's Dock, Dublin, George's Dock areas of the Dublin Docklands. The term has become a metonym for the Irish financial services industry as well as being used as an address and still being classified as an SEZ. It officially began in 1987 as an SEZ on an docklands site in central Dublin, with EU approval to apply a 10% corporate tax rate for "designated financial services activities". Before the expiry of this EU approval in 2005, the Irish Government legislated to effectively have a national flat rate by reducing the overall Irish corporate tax rate from 32% to 12.5% which was introduced in 2003. An additional primary goal of the IFSC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hibernian Aviva
Aviva Group Ireland plc is the Irish arm of British insurance firm Aviva plc. Its headquarters are in Dublin. The company also provides investment management and pension services. D&B Hoovers reported in October 2010 that Aviva is the largest general insurer in Ireland, with a market share of more than 20% in the country. History The company was established in 1908 as Hibernian. In 1925, the Guardian Assurance Company Ltd purchased a majority shareholding in the company and by 1931, it was offering fire, accident, motor, fidelity guarantee and plate glass insurance. Guardian Assurance sold the company to a consortium of Irish firms, including the Bank of Ireland, in 1935. The company started to transact engineering business in 1940, and in 1946 added marine insurance in partnership with the Irish National Insurance Company Ltd. In 1964, the Commercial Union Assurance Company Ltd acquired the majority shareholding from the Bank of Ireland and two years later changed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goodbody Stockbrokers
Goodbody Stockbrokers is Ireland's longest established stockbroking firm with roots dating back to 1877. As well as being one of the leading institutional brokers, it is one of the largest private client firms in Ireland. It is a member firm of the Irish Stock Exchange and a SETS participant of the London Stock Exchange. The company has offices in Dublin, London, Galway and Cork. It employs over 300 people and sold its 26.2 per cent of the Irish Stock Exchange in 2018. Ireland has two large (one of which is Goodbody) and half a dozen medium-sized brokerages. A 2013 report by the Central Bank of Ireland noted the likelihood and possible risks of future mergers among firms. Goodbody was formerly owned by Irish financial services firm Fexco, which held a 51% interest, and by members of Goodbody's management and staff, who owned the remaining 49%. In November 2019, the Bank of China reached an agreement with Goodbody to purchase all of its shares for €155 million. In March ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
