Pillar objective
To leverage our strong foundations to innovate and compete in the high-growth products and services that will define the next decade of financial services.
Key actions and initiatives to achieve this:
Create the ecosystem for private assets
We will champion the regulatory and tax frameworks needed to make Ireland the leading European domicile for private market assets. This includes timely transposition of AIFMD II and targeted tax updates to create a fit-for-purpose product toolkit (QIAIF, RIAIF, ELTIF) that attracts long-term capital for infrastructure, innovation, and housing.
Make Ireland the European hub for the Savings & Investment Union (SIU)
We will work with Government and regulators to be an exemplar of the SIU, both as a channel for European investment and by fostering a domestic retail investment culture through the launch of an Irish Savings & Investment account. This involves simplifying the tax structure (e.g., addressing the 38% exit tax) and developing the products to channel capital productively across the EU.
Accelerate the growth of a dynamic digital/AI and fintech sector
We will champion the establishment of a National Fintech Hub & Innovation Space, as outlined in the Programme for Government, and an AI Regulatory Sandbox. This hub will unify the fragmented ecosystem, bringing start-ups, regulators, investors, and established firms together to drive innovation, anchor domestic scale-ups, and attract global AI and digital finance leaders to Ireland. We will advocate for the development of a competitive ecosystem for tokenisation and securitisation.