Some of the main sectors of financial services activity carried out in the IFSC are outlined below: Fund Administration & Domiciling edit The original proposal for the IFSC was that it would become a location for high-margin activities such as investment management, banking and securities trading given its low tax rate and proximity to the major centres of London and Paris. However, ultimately few of these companies established offices or relocated to Dublin in the following years and while the level of material employment has grown significantly relative to its former size, it is still well below many of the larger European financial centres in overall terms such as Luxembourg, London, Paris or Frankfurt. Many of the notable fund and investment managers are dealing almost exclusively with domestic business e.g. - Irish Life and Bank of Ireland and many of the examples mentioned in international and domestic media outlets relate to fund domiciling, custody, treasury and more recent...
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