International Financial Services Centre

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Famine sculpture in front of the International Financial Services Centre, Dublin.

The International Financial Services Centre (IFSC), or An Lárionad Seirbhísí Airgeadais Idirnáisiúnta (LSAI) in Irish, is a major financial services centre in North Wall, Dublin, Ireland. The centre employs 14,000 people and was the brainchild of an associate of the billionaire Dermot Desmond.

Both the associate and Mr Desmond approached Charles Haughey, then in opposition, who made it the centrepiece of his economic manifesto when he came back into power. The Finance Act, 1987 (Section 30) allowed for the designation of such an area.

The IFSC is a prestigious integrated development located in central Dublin which incorporates world-class office accommodation, educational institutions, executive housing, restaurants and shopping facilities. It has expanded beyond its original site and has become a vital part of the wider Irish economy.

The IFSC now houses many of the world’s premier financial institutions, together with the leading law firms and accountancy and taxation advisors who support them. At its heart is the National College of Ireland, which provides continuing education to the financial professionals who work there. This has boosted the availability of high value jobs building a wealth of financial services expertise among the Irish labour force.

Dublin has now developed into a world-class centre for a wide range of internationally traded financial services. These include Banking, Asset Financing, Leasing, Corporate Treasury Management, Asset Management, Fund Administration and Custody, Futures and Options Trading and International Insurance Operations.