Will ISA's be coming to Ireland anytime soon?

I see Makhlouf has been weighing in on the subject in the Business Post, echoing the message in the ECB blog posted previously.

“I do think that promoting the Savings and Investment Union in Europe does involve Irish domestic savers doing something more with their money than leaving it in a bank account,” he said....“I know in Europe, they think it is a bit odd that even though we've got such a big industry, its connections to the domestic economy are so low,” said Makhlouf. “It looks like a missed opportunity for us.”

 
It looks like the government is really behind the times now especially regarding the sustainability of multinational investment here following trump tariffs.
If they had encouraged more money to be invested, yes alot would flow to big European companies but alot more would also flow to small Irish stocks aswell and we would have had a proper domestic ecosystem .
Pascal donohue is yesterday's man, need fresh thinking now not the same old stale narratives
 
joe sod said:
If they had encouraged more money to be invested, yes alot would flow to big European companies but alot more would also flow to small Irish stocks aswell and we would have had a proper domestic ecosystem .
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The Irish stock exchange is dying. Companies are getting bought out or going bust faster than new ones are replacing them for years now. In fact, I can't think of an actual business (not a fund or speculative junk) that IPO'd here in the last ten years.

The big culprit is that Ireland levies the highest rate of stamp duty (1%) in the world on domestically listed shares. It makes no sense for a company to list here with that levy when you can go to Britain and get on the AIM market which has no stamp duty, tax advantages, lower listing fees, and deeper pools of capitals to access.
 
In a single capital market with a single currency, is there any reason why a company located in Ireland should float on the Irish Stock Exchange in preference to any other exchange? What the company wants is to raise capital; there is no reason why it should have any particular preference for Irish capital.

The customers of a stock exchange are not really the companies that float on it, but the investors that trade on it. But in an era of global capital markets and instant communication investors care less and less about where a stock exchange is located. I think smaller exchanges survive by developing specialisms and niches, not by appealing to local companies to list there, and local investors to trade there because, really, I don't think there is no compelling reason for local companies or local investors to do that.

The Irish Stock Exchange has had a tenuous existence for some time. Originally the Dublin Stock Exchange, it became the Irish Stock Exchange when separate exchanges in Cork and Belfast were folded into it — a harbinger of things to come, perhaps. In 1973 it ceased to be an independent exchange itself, when it became a division of the London Stock Exchange, which rebranded as the International Stock Exchange of Great Britain and Ireland (which also incorporated the Scottish Stock Exhange and a number of regional English exchanges).

That merger was reversed in 1995 and it became independent again, but in 2014 it was taken over for a second time, becoming a subsidiary of Euronext and being rebranded as Euronext Dublin. Euronext also operates exchanges in Paris, Amsterdam, Milan, Lisbon, Brussels and Oslo.

Within this context, Dublin as a centre for trading shares doesn't make a lot of sense. There's still an equities market operated out of Dublin but it's not expected to grow because, really, why would it? Euronext Dublin increasingly focusses on debt securities and funds, and this is where it's future likely lies. The parent company, Euronext, offers markets in almost everything — equities of various classes, bonds and debt securities, commodities, funds. Within this framework its Dublin unit is well-positioned focussing on funds, since Euronext is the biggest centre for debt and fund listings in the world.

Tl;dr; the equities market operated by Euronext Dublin is not a big source of funds for smaller Irish enterprises looked to grow. It probably doesn't make a lot of sense that it would be. Whatever measures might be adopted to improve access to capital for Irish SMEs, Euronext Dublin is probably not likely to feature in them.
 
Raskolnikov said:
The Irish stock exchange is dying. Companies are getting bought out or going bust faster than new ones are replacing them for years now. In fact, I can't think of an actual business (not a fund or speculative junk) that IPO'd here in the last ten years.
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Exactly i made that very point a while back , in fact i started a thread on it. I'm not saying that ISAs would save the Irish stock exchange they would be very marginal but it would at least reverse the rot that has set in to the Irish corporate ecosystem since the 2001 dot com crash and especially since the financial crash. We used to have tech start ups like elan, baltimore technologies etc back in 2000 , at the very least isa accounts would probably have a small exposure to these type of stocks if they were available like what happens in UK etc.

Irish people could still buy Irish stocks on the London or new York exchange anyway. Irish people would be more likely to invest in companies they know and are familiar with aswell as European stocks, like every other investor in Europe and UK does. The issue is that the Irish government has got in the way for ideological and parish pump politics like so many other areas here. We love to go on about the scandis when it comes to imposing big government stuff but where are the Irish Novo Nordisks etc, where is the huge Irish sovereign wealth fund that should be poring some capital into fledgling Irish start ups , we have taken in 150 billion in corporation tax receipts over the last decade or so I read recently?
 
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