Federation of International Banks in Ireland (FIBI) International Banking Conference 20187th June 2018
The Federation of International Banks in Ireland (FIBI) held its annual conference today in the Westin hotel, Dublin. Bringing together a panel of industry leaders and decision makers from across the international and domestic financial services sector, the conference discussed the future shape of international banking in the context of financial innovation, continued uncertainty presented by Brexit and the on-going changes in the regulatory landscape.
In the opening address to the conference, Colin Moreland, Chairman, FIBI, highlighted the results of FIBI’s latest research with its members which found an upbeat sentiment in relation to the current business climate even when taking Brexit into consideration : “Our most recent research among FIBI members illustrates the extent to which international banks here believe the business climate is improving: almost 43% of respondents expect the business climate for their firms to further improve over the next year. Some 86% expect business activity to increase while 57% expect to increase employment in Ireland.
“And when asked about Brexit, only half of the respondents reported any significant negative impact in the past 12 months; and, on balance, any impact is seen as likely to remain more positive than negative. However our member banks generally share a number of key concerns around Brexit including contact continuity – probably the most significant concern, data protection, staff mobility and access to market infrastructure post-Brexit and cost of this access.”
Note: The Federation of International Banks in Ireland (FIBI) is the principal voice of the international banking and financial services sector in Ireland. FIBI is affiliated to Banking & Payments Federation Ireland (BPFI).
Contact: Jillian Heffernan, Head of Communications, BPFI
Ph: 01 4748835 / 087 9016880