IDSA will operate as industry organisation whose membership will include corporate administrators, trustees, audit firms, legal advisors, listing agents, and other parties involved in the structuring and management of Special Purpose Vehicles (SPVs) in the industry in Ireland.

The association’s main objective will be to enhance the environment for structured finance and debt securities and to promote Ireland as a leading jurisdiction for SPV’s.

Around EUR500 billion of SPV assets are already resident in Ireland, representing approximately 22% of all European SPV assets.

Gary Palmer has been named chief executive of the IDSA and Turlough Galvin as the association’s chairman.

Bruton said international financial services formed a key part of the Government’s plans for jobs and growth. He added that a new team in the IDA would target investment and jobs from this sector.

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