Wednesday 7 December 2016

Ugly truth why Dublin is not first choice as an alternative to London

Battle for the Banks: An Irish financial services executive based on Wall St. reveals why Dublin will find it harder than we think to attract the big names in banking post-Brexit

Published 10/07/2016 | 02:30

'Infrastructure really matters. Dublin Airport is ranked 80th in the world. That is huge because a lot of these people want to know, particularly if they decide to commute, that they can get back to wherever they need to be, whenever they need to get there' Photo: Simon C Maxwell
'Infrastructure really matters. Dublin Airport is ranked 80th in the world. That is huge because a lot of these people want to know, particularly if they decide to commute, that they can get back to wherever they need to be, whenever they need to get there' Photo: Simon C Maxwell

The world is full of so-called experts and then something like this happens. There is no road map, there's no precedence, there's no script and there's really no process and if there’s one thing financial companies abhor, it's uncertainty.

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That’s not to say the financial sector in London isn’t well prepared. We know exactly what is on offer in every country and we know intimately what’s available in Ireland and what’s not available in Ireland.

For the last 20 years, financial services and building financial services in Dublin has been a cornerstone of Irish industrial policy.There are a lot of cities and countries that are kind of weighing up the prospect of that right now and I’d put Paris in that category.

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