It may not be widely recognised that Ireland, through what is no longer formally called the IFSC, is the 15th largest international financial centre in the world according to tabulations by the IMF. No wonder it needs substantial staff resources to be sufficiently regulated. In this case it is not just a question of doing enough, but of being seen to do enough.
The robust performance of the labour market in Ireland is one of the clearest indications of the strength of current demand conditions in the economy. The unemployment rate remains at two-decade lows, and the post-pandemic growth in employment has been remarkably strong, with almost 2.6 million people working during the last quarter of the year.