Financial Services

Analysis: Bank insiders point finger at Michael McGrath for lack of competition in Irish market

Ireland should be rich pickings for pan-EU banks but the treatment of the sector in recent years has made many think twice

Minister for Public Expenditure Paschal Donohoe and Minister for Finance Michael McGrath. Picture: PA

The financial services industry has had a bad run recently with a number of lay-offs at a global level having an impact on Ireland. However, there is a silver lining in the form of Brexit – the gift that keeps on giving.

Dublin is poised for significant investment over the next three to five years as firms continue to move operations out of London. On the other hand, the prospects for increased competition in the ...