IDSA launches in Dublin
Ireland’s Minister for Jobs, Enterprise and Innovation Richard Bruton has formally launched the Irish Debt Securities Association at the Royal College of Physicians in Dublin.
The IDSA is an industry organisation whose membership includes the corporate administrators, audit firms, legal advisors, listing agents, and other parties involved in the structuring and management of Special Purpose Vehicles (SPVs) in the industry in Ireland.
Around EUR500bn of SPV assets are already resident in Ireland, representing approximately 22 per cent of all European SPV assets. IDSA’s objective is to enhance the environment in Ireland for structured finance and debt securities and to promote the country as the leading jurisdiction for SPV’s.
Turlough Galvin (pictured), the chairman of IDSA and partner at Matheson, says: “The IDSA was established to promote and develop Ireland as the premier European location for activities to support the global structured finance, debt securities and the specialist securities industries.
“The mission of the Association is to promote high standards of professional conduct among industry service providers and lead the industry activity to develop and provide a world-leading environment from Ireland for structured finance transactions and for the issuance of debt securities and other specialist securities.”
Bruton says: “International financial services forms a key part of the government’s plans for jobs and growth, and through our Action Plan for Jobs we are targeting the creation of 10,000 additional jobs in this sector over the coming years. We are putting in place a range of measures to support expansion in this sector, including the establishment of a new team in IDA Ireland to target investment and jobs from this sector and exploiting opportunities offered by high growth sub-sectors such as green finance, Islamic finance, structured finance and post trade services. Today’s announcement is a major boost for the sector in Ireland, I commend all involved and wish them every success with this new venture.”
- By Category
- News from other sites
- Special Reports