Financial services

Financial services

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

in the Republic of Ireland

Republic of Ireland

Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

 refers to the services provided by the finance

Finance

"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

 industry: bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

s, investment banks, insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 companies, credit card

Credit card

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...

 companies, consumer finance companies, government sponsored enterprises, and stock broker

Stock broker

A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors...

ages.

The market for the provision of financial services within the Republic of Ireland is dominated by the two large banking groups Allied Irish Banks

Allied Irish Banks

Allied Irish Banks p.l.c. is a major commercial bank based in Ireland.AIB is one of the so called "big four" commercial banks in the state. The bank has one of the largest branch networks in Ireland; only Bank of Ireland fully rivals it. AIB offers a full range of personal and corporate banking...

 and Bank of Ireland

Bank of Ireland

The Bank of Ireland is a commercial bank operation in Ireland, which is one of the 'Big Four' in both parts of the island.Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Irish banking history...

. However competition from domestic, overseas and internet providers ensures consumer choice.

Regulation

The regulator of financial services in the Republic of Ireland is Central Bank and Financial Services Authority of Ireland

Central Bank and Financial Services Authority of Ireland

The Central Bank of Ireland is the financial services regulator of Ireland and historically the central bank. The bank was the issuer of Irish pound banknotes and coinage until the introduction of the euro currency, and now provides this service for the European Central Bank.The bank was founded...

.

See also

• Credit Institutions (Financial Support) Act 2008
  Credit Institutions (Financial Support) Act 2008
  The Credit Institutions Act 2008 is an Act of the Oireachtas was a piece of emergency legislation decided on by the Government on Tuesday Sept 30 and enacted on Thurs Oct 2nd to provide a eur 440 billion guarantee to six Irish banks to prevent possible collapse as a result of the Global financial...
  
  
• An Post
  An Post
  An Post is the State-owned provider of postal services in the Republic of Ireland. An Post provides a universal postal service to all parts of the country as a member of the Universal Postal Union...
  
  
• FEXCO
  FEXCO
  FEXCO is an Irish-based financial services company.FEXCO was set up in 1981 by , originally to provide Bureau de change services to the Irish market. is now a global provider of , , Consumer and Internationally Traded Services....
  
  
• Goodbody Stockbrokers
  Goodbody Stockbrokers
  Goodbody Stockbrokers is Ireland's longest established stockbroking firm with roots dating back to 1877. As well as being one of the leading institutional brokers, it is one of the largest private client firms in Ireland. It is a member firm of the Irish Stock Exchange and a SETS participant of the...
  
  
• Hibernian Aviva
  Hibernian Aviva
  Aviva Group Ireland plc is the Irish arm of British insurance firm Aviva plc. Its headquarters are in Dublin. The company also provides investment management and pension services....
  
  
• International Financial Services Centre
  International Financial Services Centre
  The International Financial Services Centre 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 businessman Dermot Desmond...
  
  
• Irish Enterprise Exchange
  Irish Enterprise Exchange
  The Irish Enterprise Exchange is a market that was launched on 12 April 2005. This market is designed to suit the needs of small to mid-sized companies. IEX offers small to mid-sized companies a number of advantages:...
  
  
• Irish League of Credit Unions
  Irish League of Credit Unions
  The Irish League of Credit Unions is a trade association for credit unions in Ireland. It operates in both the Republic of Ireland and Northern Ireland...
  
  
• Irish Stock Exchange
  Irish Stock Exchange
  -History:The Irish Stock Exchange is Ireland's only stock exchange and has been in existence since 1793. It is an Irish private company limited by guarantee. It was first recognised by legislation in 1799 when the Irish Parliament passed the Stock Exchange Act...
  
  
• Laser (debit card)
  Laser (debit card)
  Laser Card is a debit card scheme in Ireland. The Laser Scheme is maintained and operated by , a not-for-profit body owned by four leading financial institutions in Ireland and overseen since 2008 by the Oversight Unit of the Central Bank. The scheme was launched in 1996 and in 2010 there were...
  
  
• List of banks (Republic of Ireland)
• QUINN Financial Services
• RaboDirect
• Vhi Healthcare
  Vhi Healthcare
  The Voluntary Health Insurance Board — which trades under the brand name Vhi Healthcare, and is still commonly referred to in Ireland as "The VHI" - is the largest health insurance company in the Republic of Ireland. It is a statutory corporation whose members are appointed by the Minister for...