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Irish Financial Industry Review 2006
iReach, Aug 2006, Pages: 18
The Irish financial services sector incorporates institutions such as banks, credit unions, building societies, insurance brokers and providers and any organisation which provides a financial service or advice to either a business or a consumer. This sector is also regulated by the Financial Regulator, also known as IFSRA.
With substantial economy growth and increases in disposable income across many demographics, the role of Financial Institutions has become immeasurably more high profile in Ireland within the last ten years or so. People need banks to save and invest this new income and they need other institutions to provide insurance to cover new purchases like housing, cars and holidays.
Corporate Finance is also a lucrative area with all the majority of institutions offering both consumer and business financial solutions.
In a financial context Ireland is almost unrecognisable from its status in the 1980’s as a poor relation within the EU. In this report we examine the major issues affecting the financial services industry in Ireland today and assess the role that technology has in offering solutions to these concerns.
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