DUBLIN European Banking Authority - Ireland's Offer for the - Consilium.europa.eu
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Ireland's Offer for the European Banking Authority DUBLIN 31 JULY 2017
Foreword by An Taoiseach, Leo Varadkar, T.D.
I am delighted to present Ireland’s bid to host the European
Banking Authority (EBA). The EBA plays a vital role in the
European System of Financial Supervision and I believe that
its relocation to Dublin, following the UK’s decision to leave
the EU, would enable the smooth continuation of this
essential work.
Ireland has one of the most advanced and diverse financial
services sectors in the EU, with 15 of the world’s top 20
An Taoiseach banks located here. At the core of our financial services
Leo Varadkar, T.D. sector, is a vibrant global hub of knowledge, experience,
talent and skills. Dublin’s proximity to London, its shared
language and time zone, and its connectivity to European
capitals would ensure a seamless transition for the EBA, its
staff and their families.
Ireland has been at the heart of the European Union for
over forty years, including as a founder member of the
Single Market and of the Euro, and we remain strongly
committed to EU membership. Europe is part of the Irish
identity: our values are shared European values. Since 1973
we have supported each other towards our common goals.
Ireland is an open, multicultural, European society and a
great place to live, work and study. For the past three years
we have been the fastest growing economy in Europe and
this year, we ranked 6th out of 63 countries in the world for
competitiveness (IMD World Competiveness Yearbook
2017).
Dublin is uniquely placed to be the new location for the EBA,
its staff and their families. Dublin is a dynamic city with a
young, cosmopolitan population, supported by excellent
infrastructure, first-class education institutions, and
outstanding cultural facilities. A wide range of top
multinationals across many sectors have their EU and EMEA
headquarters in Dublin, offering high quality employment
opportunities to the partners of EBA staff.
I am confident that relocating the EBA to Dublin offers the
best choice for Europe and, as Taoiseach, I would be
delighted to welcome the Authority, its staff and their
families to our capital city.
2 | Ireland’s Offer to Host the European Banking Authority
Foreword by the Minister for Finance and Public
Expenditure & Reform, Paschal Donohoe, T.D.
As a large and well-established financial services centre
within the European Union, I believe that Dublin is the best
choice for the relocation of the European Banking Authority
(EBA).
The retention of the specialised staff in the EBA is vital to
Minister for Finance and ensure minimal disruption to its important work of ensuring
Public Expenditure & that the prudential rulebook applies to all financial
Reform institutions in the Union in a consistent way. A relocation of
Paschal Donohoe, T.D. the EBA to Dublin will help achieve this aim by minimising
disruption to staff and their families.
Dublin has the capacity to host the Authority in a manner
which would ensure its continued functionality and allow
staff and their families a culturally familiar lifestyle. We
have appropriate commercial office space available, quality
hotel accommodation and world-class connectivity and ICT.
Our location makes us easily accessible to other European
capitals and Dublin to London is the 2nd busiest
international air route in the world. Ireland has a long track
record of attracting large multinational organisations to
locate here across a range of sectors, including financial
services.
Spouses and family members of EBA staff will benefit from
Ireland’s strong and diverse economy, which is the fastest
growing economy in the EU. Dublin offers a wide range of
labour market opportunities in financial services and
industries such as medical technology, software, cloud
computing and engineering. Ireland also has an excellent
education system, with a number of international schools
and free third level education fees for EU nationals.
We, in Ireland, have the experience and expertise required
to successfully relocate the EBA. I also believe the location
of Dublin, transport links, culture, language, the size and
diversity of the financial services sector, and our skilled,
multilingual educated workforce are a combination of
strengths that make us the most appropriate host for the
EBA.
3 | Ireland’s Offer to Host the European Banking Authority
Contents Foreword by An Taoiseach, Leo Varadkar, T.D. ................................................................................ 2 Foreword by the Minister for Finance and Public Expenditure & Reform, Paschal Donohoe, T.D....................... 3 Contents ...................................................................................................................................... 4 Summary of Ireland’s offer ........................................................................................................... 5 Criterion 1: The assurance that the agency can be set up on site and take up its functions at the date of the United Kingdom’s withdrawal from the Union ............................................................ 8 Introduction ........................................................................................................................................ 8 Dublin: Ireland’s financial services hub .............................................................................................. 8 Proposed property options for the EBA ............................................................................................. 9 Green buildings ................................................................................................................................. 10 Green meetings ................................................................................................................................ 10 Selection of Dublin as location for EBA ............................................................................................ 10 Criterion 2: The accessibility of the location ................................................................................ 15 Introduction ...................................................................................................................................... 15 Flight connections............................................................................................................................. 15 Transport connections from the airport........................................................................................... 18 Public transport in Dublin ................................................................................................................. 18 Hotel accommodation ...................................................................................................................... 20 Supporting the EBA’s meeting activities........................................................................................... 20 Criterion 3: The existence of adequate education facilities for the children of agency staff .......... 22 Education in Ireland .......................................................................................................................... 23 International Schooling .................................................................................................................... 23 Overview of the Irish public education system ................................................................................ 24 Criterion 4: Appropriate access to the labour market, social security and medical care for both children and spouses.................................................................................................................. 27 Ireland’s growing economy and labour market ............................................................................... 27 Ability to attract and retain international skills................................................................................ 29 Social security ................................................................................................................................... 29 Healthcare in Ireland ........................................................................................................................ 30 Housing accommodation in Dublin .................................................................................................. 31 Criterion 5: Business continuity .................................................................................................. 34 Maintaining and attracting staff ....................................................................................................... 34 Criterion 6: Geographical spread ................................................................................................ 39 Annex 1 Details of Selected Properties (Confidential) .................................................................. 42 Annex 2 Overview of Selected Properties (Confidential) .............................................................. 42 Annex 3 Dublin – Relocation of the European Banking Authority brochure .................................. 42 4 | Ireland’s Offer to Host the European Banking Authority
Summary of Ireland’s offer
Need to minimise disruption to the EBA and its staff
The fact that the United Kingdom has decided to the leave the European Union has resulted
in significant disruption and uncertainty. It has resulted in businesses having to make the
decision to relocate within a short period of time to ensure they can continue to access their
customers and provide their goods and services across borders without interruption.
This uncertainty is also being experienced by the EBA, which must now relocate from
London prior to end March 2019. The move from London will be disruptive for the EBA and
its staff. The retention of the specialised staff in the EBA is vital to ensure its important
work of helping to protect consumers and contributing to the Union’s financial stability.
Dublin is the best location to ensure that the EBA faces minimal impact from this forced
relocation.
Provision of financial and other supports by Ireland to the EBA
Ireland also intends to show its commitment to hosting the EBA in Dublin by providing a
financial commitment to the EBA in supporting its rental costs, up to an amount of
€13.5m. We believe an amount such as this will cover 50% of its rental costs over a 10-year
period.
To aid EBA staff and their families in the move from London to Dublin, we are offering up
to €1m towards providing professional relocation services to the staff and their families.
Again, this is a sign of Ireland’s commitment to the EBA staff who are facing significant
disruptions due to the move from London in a relatively short timeframe.
In addition, our bid also outlines that a Relocation Group will be formed chaired by the
Department of Finance and involving other relevant Government Departments and State
agencies to aid the process of relocation via a whole of Government approach. The remit of
this group will include ensuring the Headquarters Agreement between Ireland and the EBA
is in place prior to its move to Dublin. The Agreement will include all the conditions offered
by Ireland to the EBA and its staff.
Why Dublin is the best location
This document outlines how Dublin meets the criteria to be considered in selecting the
location for the EBA and why it is the best location compared to others. It also provides
evidence of the additional steps Ireland will take to support the EBA during a very disruptive
time in its history.
These include the availability of commercial office space that can be designed to meet the
needs of the EBA, and our high quality health care and educational systems.
Dublin is a large financial services centre and we have over 90,000 people employed in the
sector by over 500 companies. These include some of the largest names in financial services
globally. These firms provide financial services to every major economy in the world and the
sector continues to grow.
Ireland’s Offer to Host the European Banking Authority | 5
Our economy is diverse with a large number of well-known foreign and domestic multinationals contributing to our strong economic growth rate. Our low unemployment rate will ensure significant opportunities for the partners of EBA staff in the different sectors of the economy. Importantly for staff moving from the United Kingdom, Ireland is culturally similar and the fact we are English-speaking will help minimise disruption for staff and their families. Dublin has excellent transport links to Europe and the top ten destinations to and from Dublin Airport include the EU cities of Paris, Amsterdam, Frankfurt, Brussels and Madrid as well as London. There are direct flights to most other European capitals. Dublin to London is the second busiest international air route in the world with up to 370 flights each week between the two cities. Our public transport systems, mainline/suburban and light rail routes, along with main bus routes, converge in the city centre making the city centre and the adjacent Docklands the most connected place to live, work and socialise in the State. Added to this is the fact that Dublin offers an excellent quality of life. It is a coastal city ranked number 33 out of 230 cities in the 2016 Mercer’s 18th Annual Quality of Living Survey. Dublin is a multicultural city where people come from all over the world to live, work and study. It is also the youngest capital city in Europe with 40% of the population under 29 years of age. Over half a million Irish residents speak a foreign language fluently and c. 17% of the population is of international origin. This overall package of incentives, including support from Government Departments and their agencies, along with the financial contributions for the EBA and its staff, outlines Ireland’s strong commitment to hosting the EBA and seeks to make its move from the United Kingdom as smooth as possible. This proves that Dublin is the best option for the future home of the EBA. Snapshot of Dublin Dublin is the youngest capital city in Europe with 40% of the population under the age of 29 It is ranked 3rd in the latest fDi Magazine (Financial Times Intelligence Division) European City of the Future 2016/2017 It is in the top three major European Cities for both Economic Potential and Business Friendliness It is a coastal city with beaches and mountains on its doorstep It is a multicultural, modern, creative hub, and designated UNESCO City of Literature It will be the only capital city in the European Union with a native English-speaking workforce post-Brexit 6 | Ireland’s Offer to Host the European Banking Authority
7 | Ireland’s Offer to Host the European Banking Authority
Criterion 1: The assurance that the agency can be set up on site and
take up its functions at the date of the United Kingdom’s withdrawal
from the Union
This criterion concerns in particular the availability of appropriate office premises in time
for the Agency to be able to take up its functions at the new location at the withdrawal
date. This should include the necessary logistics and sufficient space for offices, meeting
rooms and off-site archiving, high-performing telecommunication and data storage
networks as well as appropriate physical and IT security standards.
Introduction
Dublin can meet and exceed the logistics and office space needs of the EBA and can
guarantee that the Agency will be able to set up on site and take up its functions from the
withdrawal date. The Irish Government undertakes to provide for the business continuity of
the Agency including ensuring that a suitable premises is available on time, seeking to
maximise the proportion of current staff that relocate to Dublin, confirming that a plan is in
place to manage the relocation and that contingency plans are in place to deal with all risks.
Dublin has 418,000+ m2 of commercial office space currently under construction or
being refurbished
A further 464,515 m2 of office space with full planning permission available in
Greater Dublin area
Ireland has one of the most advanced telecommunications infrastructures in Europe
Dublin offers state-of-the-art optical networks and world-class national and
international connectivity
ICT needs can be satisfied – 9 of the top 10 technology companies call Dublin home
Dublin: Ireland’s financial services hub
Our capital city, Dublin is home to 15 of world’s top 20 banks, including global names such
as JP Morgan, Citibank, Credit Suisse, Bank of America Merrill Lynch, Barclays, HSBC, BNP
Paribas and Morgan Stanley. Dublin is a well-established prime location, with world-class ICT
and connectivity, and will provide the EBA with a smooth, efficient and timely transition to
state of the art premises just a one-hour flight from London.
High-performing telecommunication and data storage networks
Ireland has one of the most advanced and competitive telecommunications infrastructures
in Europe and provides access to high speed, low latency networks to the US, UK, and EU.
8 | Ireland’s Offer to Host the European Banking Authority
There are 11 subsea cables connecting Ireland to the UK. They link directly to Dublin’s
Metropolitan Area Network (MAN), the T50 broadband ring. This is a 44km fibre-optic cable
system which follows a ring motorway around the city and connects to 27 international data
carriers. This complements a comprehensive fibre optic network in the Dublin region which
allows for internet speeds of 1000Mb.
In January 2016, the first fibre optic cable connecting Ireland to the US was completed. The
first direct submarine cable system from Ireland to France (bypassing the UK) is due to be
launched in 2019. Ireland also has a high installed base of fibre and dark fibre with further
deployment planned.
Dublin offers state of the art optical networks and world-class national and international
connectivity, providing advanced and competitive telecommunications infrastructure.
Nine out of ten of the world’s top ICT companies and the full top ten global ‘born on the
internet’ players have Irish bases.
Dublin’s tech quarter, “Silicon Docks”, which runs along the city’s Grand Canal Dock,
stretching to the International Financial Services Centre in the north and the Grand Canal in
the south, has a high concentration of European headquarters of high-tech companies. The
area hosts Google, Facebook, Airbnb, TripAdvisor, Amazon, Twitter, Etsy, HubSpot,
Groupon, LinkedIn, Eventbrite and Stripe. With these and many other multinationals setting
up their European headquarters in Dublin, it is clear that the city can meet the ICT needs of
the EBA.
Ireland is a trusted and proven location for data centre capability. Over 25 market leading
multinational companies have data centres operating in Ireland, including Microsoft, IBM,
Google, Amazon, Verizon, Dell Technologies, BT, HP, and Vodafone.
A number of the owners of the property options proposed in this offer will engage with the
EBA during the fit-out phase in order to provide venues for externally hosted data centres.
Proposed property options for the EBA
In Dublin, more than 418,000 m2 of commercial office space is currently under construction
or being refurbished. A further 464,515 m2 of office space with full planning permission is
available in the Greater Dublin area.
Following consultation and analysis carried out in conjunction with IDA Ireland (Ireland’s
inward investment promotion agency) and its property development team, we have
selected a shortlist of 15 office sites, all of which cater to the EBA’s requirements and
timeline.
All of our shortlisted premises offer quality physical and IT security standards, contain
sufficient space for offices and meeting rooms, and a number of developments have
available options for off-site archiving and data storage. The shortlisted property options
and their locations are illustrated in Map A. We have provided more details on the
suggested building options and specific terms such as rental costs, services costs and fit-out
Ireland’s Offer to Host the European Banking Authority | 9
terms in Annex 1 for each property with Annex 2 providing an overview of the selected properties. Ranging from panoramic views of the Liffey from the river frontage of Spencer Place in the Docklands, or a roof garden in Point Square, to leafy Stephen’s Green or a city centre architectural icon on Dame Street, our selected commercial premises are all located in or close to the city centre and within walking distance of the financial centre. The EBA may choose from locations in Dublin 1 that are within 15 minutes by car to Dublin Airport, or Dublin 2 which also has superb road networks providing access to the airport in 30 minutes. All shortlisted locations are served by excellent bus, road, rail and tram networks, while the Docklands and Canal locations also benefit from the Dublin Bikes rental scheme. A number of the shortlisted sites include development plans for residential accommodation which may be suitable for EBA staff and their families. All of the proposed property options are also close to residential areas and amenities such as schools, hospitals, parks, sports, recreation facilities and various transport links to Dublin Airport. Green buildings The majority of our suggested properties exceed current building regulations and standards, and are designed to target LEED Gold or Platinum, an internationally recognised energy and environmental design certification. These developments’ building construction, mechanical and electrical systems are resource, water and energy efficient, and reduce greenhouse gas emissions. Also, most of our selection have A3 Building Energy Ratings (BER) and promise to be well-functioning sustainable buildings. Such high quality energy and environmental design ensures the minimisation of long-term costs, as well as ensuring a healthy working environment. Alongside the best in green design, the list of premises offer a range of superb features such as maximising natural light from a full-height central atrium, floor to ceiling windows, private courtyards, efficient floor plates allowing for flexible layout options and bespoke green ‘Sedum’ roofs. Green meetings Dublin is soon to embark on a project to become part of the Global Destination Sustainability Index, a collaborative business initiative created to help the meetings industry improve, promote and recognise the sustainable practices of cities and events. This initiative will be led by the Dublin Convention Bureau, a unit within Fáilte Ireland, the National Tourism Development Authority. Selection of Dublin as location for EBA If Dublin is selected as the preferred location for the EBA in November, the IDA and members of our Relocation Group will engage with the EBA immediately to discuss their 10 | Ireland’s Offer to Host the European Banking Authority
preferred options from our provided list of buildings. The IDA property team will guide the
EBA on the structure of the market and introduce them to the relevant property developers
and real estate agents in order to complete the selection process of a building by early
January 2018. The process of negotiation to agree fit-out requirements, rental terms and
contracts can then begin, with the selected building to be ready to be occupied by the EBA
by the end of 2018.
Whether EBA prefer south-facing waterfront locations in Southside Docklands or panoramic
views over Dublin Bay and mountains from a Grand Canal roof garden, it will be in good
company with neighbours such as JP Morgan, Barclays, Bank of America Merrill Lynch,
Citigroup, State Street, BNY Mellon, Facebook, Google and Stripe. In addition, it will enjoy all
the benefits of the city’s world-class infrastructure, connectivity and security.
Ireland’s Offer to Host the European Banking Authority | 11Map A: Location of selected property options 1 Spencer Place, Docklands, D1 2 One Central Plaza, Dame Street, D2 3 Dublin Landings, D1 4 Charlemont Exchange, D2 5 The Reflector, 9 Hanover Quay, D2 6 5 Hanover Quay, D2 7 76 Sir John Rogerson’s Quay, D2 8 70 St Stephens Green, D2 9 The Exchange, D1 10 1 Windmill Lane, D2 11 1 Sir John Rogerson's Quay ,D2 12 10 Molesworth Street, D2 13 1 GQ, Georges Quay D2 14 Exo Building, Point Square D2 15 Bolands Quay, Barrow Street, D4 12 | Ireland’s Offer to Host the European Banking Authority
Map B illustrates the concentration of financial services firms located in Dublin City Centre
and in close proximity to potential EBA sites.
Map B: Financial service firms: Dublin city centre
A number of Financial Firms located in City Centre Proposed Property Options
1. Deutsche Bank 20. Morgan Stanley 1. Spencer Place, Docklands, D1
2. Irish Life 21. State Street 2. One Central Plaza, Dame Street, D2
3. Canada Life 22. HSBC Bank 3. Dublin Landings, D1
4. Citco Fund Services 23. Citadel Securities 4. Charlemont Exchange, D2
5. Kbi Global (Amundi) 24. Barclays Bank 5. The Reflector, 9 Hanover Quay, D2
6. Wells Fargo Bank Intl 25. J.P. Morgan Bank 6. 5 Hanover Quay, D2
7. Sig Susquehanna 26. BNP Paribas 7. 76 Sir John Rogerson’s Quay, D2
8. Zil Plc (Zurich) 27. AIG 8. 70 St Stephens Green, D2
9. SS&C 28. Aon 9. The Exchange, D1
10. Unicredit Bank Ireland 29. Aercap 10. 1 Windmill Lane, D2
11. Scotiabank Ireland Ltd 30. Blackrock 11. 1 Sir John Rogerson's Quay ,D2
12. Citibank 31. Blackstone 12. 10 Molesworth Street, D2
13. BNY Mellon 32. Metlife 13. 1 GQ, Georges Quay D2
14. Credit Suisse AG 33. Marsh & McLennan 14. Exo Building, Point Square D2
15. RBC Investor & Treasury 34. Credit Agricole 15. Bolands Quay, Barrow Street, D4
16. Fidelity International ltd 35. Mediolanum
Ireland’s Offer to Host the European Banking Authority | 1317. Northern Trust 36. Standard Life 18. Pioneer 37. Aviva 19. Intesa Sanpaolo Bank 38. Axa 14 | Ireland’s Offer to Host the European Banking Authority
Criterion 2: The accessibility of the location
This criterion concerns the availability, frequency and duration of flight connections from
the capitals of all EU Member States to the airports close to the location, the availability,
frequency and duration of public transportation connections from these airports to the
location, as well as the quality and quantity of accommodation facilities. In particular, the
criterion implies the capacity to allow for the continuation of the volume and intensity of
current meeting activities of the Agency.
Introduction
Dublin’s air connectivity to European capitals, coupled with our excellent public transport
links and quality accommodation will ensure that the EBA has the best possible conditions
to maintain and enhance their meeting activities, events and staff missions. Dublin Airport is
also easily accessible from all the sites proposed for the EBA headquarters.
Excellent transport links – 1,155 flights to Europe each week
Top 10 destinations to/from Dublin Airport include Paris, Amsterdam, Frankfurt,
Brussels and Madrid as well as London. Direct flights to most other European capitals
Dublin to London – 2nd busiest international air route in the world, with up to 370
flights each week between the two cities
Dublin Airport is easily accessible – 12 km from city centre; well serviced by bus and
taxi and is within a 20-minute journey by car
Modern extensive public transport system - over 135 bus routes, DART rapid transit
rail system, LUAS trams and more than 1,500 Dublin Bikes for rent
124 hotels Fáilte Ireland classified as 5, 4 and 3 stars with a capacity of almost 19,000
rooms
Flight connections
Dublin Airport is the main international airport in Ireland and is one of the busiest in Europe
in terms of passenger numbers as well as being extremely highly rated in terms of its
customer service and connectivity. It is located just 12km from Dublin city centre.
One of Europe’s fastest growing airports and now a major European transfer hub, Dublin
Airport welcomed almost 28 million passengers in 2016. Consistently rated as one of the
best-in-class airports globally, it has been placed in the top three for customer service in the
ratings of European airports of a similar size by the Airports Council International (ACI)
World Airport Service Quality (ASQ) Awards for the last two years.
15 | Ireland’s Offer to Host the European Banking AuthorityDublin Airport connectivity to EU and EEA capitals
COUNTRY CAPITAL DEPARTURES PER WEEK
1 Austria Vienna, AT (WIE) 7
2 Belgium Brussels, BE (BRU) 30
3 Bulgaria Sofia, BG (SOF) 3
4 Croatia Zagreb, HR (ZAG) 0
5 Cyprus Larnaca, CY (serves Nicosia) (LCA) 2
6 Czech Republic Prague, CZ (PRA) 11
7 Denmark Copenhagen, DK (CPH) 18
8 Estonia Tallinn, EE (TLL) 2
9 Finland Helsinki, FI (HEL) 11
10 France Paris, FR (CDG, ORY) 64
11 Germany Berlin, DE (TXL, SFX) 24
12 Greece Athens, GR (ATH) 9
12 Hungary Budapest, HU (BUD) 13
13 Iceland Reykjavik, IS (KEF) 7
14 Italy Rome, IT (CIA, FCO) 27
15 Latvia Riga, LV (RIX) 6
16 Lithuania Vilnius, LT (VNO, KUN) 6
17 Luxembourg Luxembourg, LU (LUX) 6
18 Malta Malta, MT (MLA) 5
19 Netherlands Amsterdam, NL (AMS) 80
20 Norway Oslo, NO (OSL) 13
21 Poland Warsaw, PL (WAW, WNI) 10
22 Portugal Lisbon, PT (LIS) 19
23 Romania Bucharest, RO (OTP) 9
24 Slovakia Bratislava, SK (BTS) 7
25 Slovenia Ljubljana, SI (LJU) 0
26 Spain Madrid, ES (MAD) 43
27 Sweden Stockholm, SE (ARN) 12
28 UK London, UK (LHR, LGW, LTN, STN, LCY) 352
Source: IATA SRS Analyser August 2017
16 | Ireland’s Offer to Host the European Banking AuthorityDublin has two modern terminals and construction of a new runway is underway with
increased aircraft stand capacity in development. The average through time for passengers
in Dublin Airport is 20 minutes from aircraft to exit with even shorter times for those
passengers who have hand-held luggage.
Dublin Airport offers excellent connectivity to most EU capital cities with approximately 780
flights per week. While two capital cities (Zagreb and Ljubljana) are not serviced by direct
flights from Dublin, both are accessible by 1-stop connections.
Dublin Airport also has a wide European network comprising 145 routes. The top 10
destinations to/from Dublin Airport include Paris, Amsterdam, Frankfurt, Brussels, Madrid
and London. It is the fifth best connected airport for transatlantic flights just behind
Heathrow, Frankfurt, Paris and Schiphol. It also has direct flights to over 185 destinations in
41 countries on four continents operated by a total of 47 airlines.
Approximate flight times between Dublin and other top business destinations
DESTINATION FLIGHT TIME
Brussels 1 hr 40 m
Frankfurt 2 hr 15 m
London 1 hr 15 m
Madrid 2 hr 30 m
New York 6 hr 30 m
Paris 1 hr 30 m
Rome 3 hr 5 m
Tokyo 14 hr 55 m
Toronto 6 hr 45 m
Ireland’s Offer to Host the European Banking Authority | 17Dublin Airport is the only capital city in Europe with US pre-clearance facilities, which means that all US customs and pre-clearance checks are completed at Dublin before arrival in the United States. Pre-cleared passengers arrive into the US as domestic passengers. The Dublin to London route is one of the busiest international air routes in the world, with up to 370 flights a week and a flight time of just over 1 hour, enabling existing staff of the EBA to commute should they wish. Transport connections from the airport Travel times to and from Dublin Airport compare very favourably with all other major European airports. Dublin has one of the speediest average transit times from plane disembarkation to city centre in the EU, with travel time to the city centre just 20 minutes by car or taxi, 30 minutes by express bus and 40 minutes by public bus transport. Those arriving to the airport by bus or coach can also pre-book a Fast Track facility to save time through security in Terminals 1 and 2. A short walk from the arrival gates brings passengers to the dedicated bus and taxi zones serving each of the two modern terminals. Short-term car parking is also close to the terminals, with frequent shuttle services to ample long-term parking and to car hire facilities. The on-site customer service desk is available to assist passengers with transport options. In addition to being well-served by a fleet of licensed taxis which operate 24 hours a day (at a cost of approximately €20-25 from city centre to airport), public and private bus transport options are accessible, frequent and reasonably priced at €7 for travel to the city centre. Over 1,400 bus and coach services provide direct access to Dublin City Centre (including express transfers to Heuston and Connolly train stations), the Greater Dublin area and to cities and towns across Ireland. The high frequency bus services include two express buses operated by the State-supported carrier, Dublin Bus, departing every 15 minutes. Licensed, private operators also provide services departing every 10 minutes to city centre locations. The proposed options for the EBA headquarters all benefit from frequent and accessible public transport options to and from the airport, being adjacent to the main transport routes in the city. Public transport in Dublin Dublin has a modern, well-integrated and extensive public transport system with real-time information services and a common ticketing system useable on all public transport services and on some of the private services ensuring a convenient way to use and pay for different forms of transport. In response to its growing population and to meet the needs of business visitors and tourists, there has been significant investment in public transport development. 18 | Ireland’s Offer to Host the European Banking Authority
The commuter rail network provides regular, reliable services to the suburbs and to
neighbouring towns in the Greater Dublin region. These services include the DART (Dublin
Area Rapid Transit), running along the coast from Malahide and Howth in North County
Dublin through the city centre and southwards as far as Greystones, County Wicklow. Other
commuter services operate to the south, south west and west of the city as well as
connecting to other mainline rail services such as to Belfast and Cork.
A frequent light rail tram service called LUAS connects Dublin city centre with suburbs in the
south and south-west of the city. An extension to the network extending it in a northerly
direction is currently under construction and will open before the end of 2017. One of the
lines operates from the Dublin Docklands through the city centre and connects to the main
Dublin Bus Station and to the main rail stations.
More than 130 bus routes operate to all parts of the city and suburbs and the services are
provided by a modern, wheelchair accessible and fully Wi-Fi enabled bus fleet. A number of
private bus companies are also licensed to offer transport in and out of the city on specified
routes. Many of the services are provided on segregated bus lanes, reducing commuting
times considerably.
There has been a significant increase in the numbers of people cycling in Dublin in recent
years and a number of new infrastructural developments are underway to increase the
supply of safe, convenient and continuous cycle routes and segregated facilities. A public
bike share scheme in the city, called dublinbikes, operates 100 public bike stations in the
inner city, with 1,500 bikes available for general public use with a further 15 stations due to
be operational by the end of 2017.
Dublin is also very easy to get around on foot, with most venues in the city within walking
distance.
Ireland’s Offer to Host the European Banking Authority | 19Hotel accommodation Dublin currently has more than the required hotel accommodation in supply than needed to host the EBA’s 9,000 meeting participants per annum. Dublin is a compact, welcoming, international city where it is easy to find excellent quality overnight hotel accommodation which is affordable, accessible and convenient. Visitors to Dublin and to the EBA will experience the well-developed, world-class, accessible choice of hotels and other accommodation in Dublin. At the time of submission, Dublin has more than 150 hotels with almost 19,000 bedrooms in various price ranges. Of these hotels, including international chains, 124 are classified as 3 stars or above. The classification is managed by Fáilte Ireland, the National Tourism Development Authority, thus ensuring a consistent level of standards across each category. An additional 6,000 bedrooms will be available by 2020 in almost 70 new hotel developments, all of which will be of business standard. Of these additional bedrooms, 4,000 will be within a 20 minute walk of the proposed EBA locations in Dublin Docklands. Supporting the EBA’s meeting activities Relocation of the EBA to Dublin will ensure that the volume and intensity of current meeting activities can be maintained. The proposed property options have the flexibility to be fully fitted-out to the EBA’s specification for office space to accommodate its staff and the meeting facilities required for the variety, type and frequency of meetings it hosts. In addition, should the need arise, Dublin also offers exceptional conference and meeting facilities, in unique venues such as Dublin Castle, Croke Park Conference Centre, Aviva Stadium Conference Centre, and the world class Convention Centre Dublin together with other hotel and conferencing facilities located within a short distance of the city centre. 20 | Ireland’s Offer to Host the European Banking Authority
21 | Ireland’s Offer to Host the European Banking Authority
Criterion 3: The existence of adequate education facilities for the
children of agency staff
This criterion concerns the availability of multi-lingual, European-oriented schooling that
can meet the needs for education facilities for the children of the current staff as well as
the capacity to meet also the future education needs.
Introduction
A broad range of education options are available to the staff of the EBA and their families
when choosing which schools or colleges their children might attend here. Whether children
are of nursery age and starting their education or have already embarked on a particular
programme, a suitable school will be available to match their current and future needs. The
schooling choices include a range of international options as well as a very successful and
highly-regarded State managed, public school system. The high quality education offered by
the public system means that many expatriates choose to send their children to a local
public school.
In the event of the EBA being relocated to Dublin, Ireland’s Department of Education and
Skills will also provide for schooling facilities of an appropriate nature, which may include
mother-tongue tuition and/or European Baccalaureate provision, for the children of the
staff of the EBA. This will be similar to the European Schools as established at other seats of
EU institutions and bodies or equivalent educational systems.
The Irish education system – consistent, high-quality education through all levels
Children of staff employed by EU institutions and agencies: European Baccalaureate
in 2 schools; a number of schools in Dublin area host International Baccalaureate
If EBA relocates to Dublin, the Department of Education and Skills will accredit
further facilities for European Baccalaureate
Excellent state-funded public schools and fee-paying schools
Early Childhood Care & Education Scheme for pre-school age children – 2 years free
Ireland has 7 universities (all in top 500 universities worldwide) and 14 Institutes of
Technology
22 | Ireland’s Offer to Host the European Banking AuthorityEducation in Ireland
Ireland’s education system is amongst the best in the world. It ranks in the top 10 globally
for:
higher education achievement;
quality of education; and
meeting the needs of a competitive economy.1
The Irish education system provides consistent, high-quality education through all levels of
the system. Our students’ achievements in international assessments demonstrate its
particular strengths:
a centrally devised curriculum which facilitates equality of opportunity for all
students;
integrated provision for children of all abilities, religious beliefs, and ethnic
backgrounds;
highly professional teachers; and
a diverse range of schools at all levels meeting the highest international standards.
International Schooling
A number of choices exist in the Dublin area to attend schools which operate to a European
and international ethos.
The Centre for European Schooling in Dunshaughlin, Co Meath, is the accredited European
School in Ireland, and one of only 13 such schools in the EU offering the European
Baccalaureate. The Centre provides a broad education of high quality, from nursery level to
university entrance.
The International Baccalaureate (IB) curriculum is taught at three private schools in the
Dublin area: the International School of Dublin (Primary Years Programme); International
School SEK (Middle Years Programme); and St Andrew’s College (Diploma Programme).
The Eurocampus in Clonskeagh, Dublin, is an innovative, joint education project between
the Lycée Français d’Irlande (LFI) and St. Kilian’s Deutsche Schule. Both of these co-
educational schools cater for pupils aged 4-18 years, and are recognised by the Irish
Department of Education and Skills. The LFI’s curriculum is based on the French system, with
all classes taught in French and St. Kilian’s follows the Irish school curriculum while placing a
strong emphasis on the German Language.
The Eurocampus model enables students enrolled in its Lycée section to sit both the French
Diplôme national de brevet (DNB) and the Irish Junior Certificate, which gives them the
choice of either continuing their education within the Irish system in St. Kilian’s, or of
working towards the Baccalaureate in the Senior Cycle of the LFI. Meanwhile, students in
the Senior Cycle at St. Kilian’s prepare for Irish state exams, as well as a bilingual Leaving
1 IMD Competitiveness Yearbook 2016 and WEF Global Competitiveness Report 2015-2016
Ireland’s Offer to Host the European Banking Authority | 23Certificate (State examinations for students in final year of secondary school) in German language, literature and history. Other options include Newpark Comprehensive in Blackrock, Dublin, which has a French European bilingual section established in partnership with the French Government for students with a French background. In September 2018, a new private school, the Nord Anglia International School Dublin, will open in Leopardstown, Dublin which is just 8km from the city centre and is easily accessible on public and private transport. Students will follow the International Baccalaureate (IB) curriculum, enriched by Nord Anglia’s global programmes which connect staff and students around the world. The Global Campus and Nord Anglia University offer exceptional learning opportunities for students and staff respectively, including collaborations with world- leading institutions The Juilliard School, Massachusetts Institute of Technology (MIT), UNICEF and Kings College London. The school will provide 800 places for local and expatriate students aged 3 to 18 years old. With more than 25 years’ experience in operating international schools, 12 of Nord Anglia Education’s 44 schools are located in Europe and students consistently achieve IB Diploma scores which significantly exceed the world average. One in three students also goes on to attend one of the world’s top 100 universities. If Dublin is selected for as the location for the EBA, the Relocation Group will work with the EBA and the Nord Anglia International School Dublin to set aside a number of places specifically for the children of EBA staff. There have already been exploratory talks with Nord Anglia and this agreement is aimed to be in place prior to the start of the 2018/2019 school year. Overview of the Irish public education system Primary and Secondary Education System Most children enter primary education at the age of four although it is not compulsory until age six. Having completed primary education, which consists of an eight-year cycle, children then move on to post-primary/secondary education. The official languages of Ireland are English and Irish, with English being the language of instruction in the vast majority of schools. While the study of the Irish language is part of the core curriculum for both primary and secondary school students, there are exemptions from this requirement for students who have lived abroad or do not speak English. For the purposes of state examinations at the end of the Senior Cycle of education, which happen when children are generally aged 18, students may also choose to be examined in a range of non-curricular EU languages. Students may opt to be examined in these if they meet certain criteria which include being from an EU Member State and speaking the relevant language as a mother tongue. 24 | Ireland’s Offer to Host the European Banking Authority
In 2017, these examinations were offered in: Latvian, Lithuanian, Romanian, Slovenian,
Modern Greek, Finnish, Polish, Estonian, Slovakian, Swedish, Czech, Bulgarian, Hungarian,
Portuguese, Danish, Dutch, and Croatian. This commitment is made under Article 149 of the
Treaty of Nice to ensure action is aimed at developing the European dimension in education.
There are 495 primary schools in Dublin, with a total enrolment of more than 140,000
students. The vast majority of primary schools in Dublin are state funded, and therefore free
to attend.
There are more than 190 post-primary schools in Dublin, catering for approximately 88,000
students in total, and 156 of those schools are state funded. There are 35 post-primary
schools in Dublin that are private, fee-paying schools, and these private schools cater for
approximately 17,000 students.
Higher Education or Third Level
The children of EBA staff, and indeed staff and their partners, will enjoy a range of higher
education options in Dublin.
The accessibility of higher education in Ireland is evidenced by the fact that Ireland has one
of the most educated workforces in the world. According to the OECD, 52% of 25-34 year
olds in Ireland have a third-level qualification – 10% higher than the OECD average.
Dublin is home to three universities – Trinity College Dublin, University College Dublin, and
Dublin City University – while National University of Ireland Maynooth is just 25 kilometres
from Dublin city centre in the neighbouring county of Kildare. Dublin’s three universities had
a combined full-time enrolment of almost 48,000 students in 2015-16, with around one-fifth
of those students pursuing post-graduate studies.
Dublin’s four Institutes of Technology, including one which is due to move shortly to a new,
world-class campus, have a combined full-time enrolment of almost 22,000 students as of
January 2016, and offer third-level diploma and degree programmes in areas such as
business, science, engineering, linguistics, and music. In addition, a number of other third
level institutions provide specialist education in such fields as medicine, law, teacher
education, art and design, rural development, theology, and music.
Ireland’s Offer to Host the European Banking Authority | 2526 | Ireland’s Offer to Host the European Banking Authority
Criterion 4: Appropriate access to the labour market, social security and medical care for both children and spouses This criterion concerns the capacity to meet the needs of the children and spouses of the current as well as of future staff for social security and medical care as well as the availability to offer job opportunities for these. Introduction Ireland’s economy is growing at a healthy pace with sustained job creation, which offers good employment opportunities for the partners of EBA staff. Dublin provides a wide variety of high value employment opportunities both with foreign direct investment companies, some of which are highlighted below, and in Ireland’s strong portfolio of indigenous companies. Ireland’s growing economy and labour market For the past five years, the Irish economy has demonstrated robust and sustainable growth and it has been the fastest growing economy in the Eurozone for the last three years. With GDP growth of 5.2% in 2016, the European Commission is forecasting GDP to grow by 4% in 2017, which is in line with the Irish Department of Finance forecast growth rate of 4.3%. Additionally, national and international forecasts predict strong GDP growth in 2018 and for the medium term. 27 | Ireland’s Offer to Host the European Banking Authority
The Irish Government has put a number of policies in place that have proven successful in creating the right environment for continued job growth throughout the country. The strong economic expansion over the past five years has helped reduce the unemployment rate to 6.3% (June 2017). The unemployment rate, which has halved in 4 years, continues to fall and is well below the EU and Eurozone average. The continued growth in both indigenous and foreign direct investment (FDI) companies has created large numbers of employment opportunities. It is also notable that in addition to falling rates of unemployment, the number in employment has also risen significantly. This in turn has resulted in 2016 being the first year since 2009 where the country has experienced net inward migration as companies look outside of Ireland to meet the demand for skills. Ireland continues to welcome people from a wide range of countries seeking work. Ireland is home to a broad and diverse range of industry sectors creating large numbers of high value jobs in fields such as ICT, pharmaceutical, medical technology, financial services and agri-food sectors. Ireland has increased its overall global competitiveness to 6th place according to the IMD 2017 World Competitiveness Yearbook. The rise in the IMD rankings reflects the consistent and continuing attractiveness of Ireland on a global scale. Ireland is home to: 9 of the top 10 global software companies; 19 of the top 25 financial services companies; All of the top 10 global pharmaceutical companies; 9 of the top 15 internet companies; All of the top 10 “born on the internet” companies; and 8 of the top 10 industrial automation companies. 28 | Ireland’s Offer to Host the European Banking Authority
Multinational companies that have chosen Ireland as a base for their EU and EMEA
Headquarters include established global players such as Apple, Microsoft, Oracle and Pfizer
along with newer generation of innovators, such as Google, Facebook and LinkedIn.
Ireland is one of Europe’s leading locations for financial services and the large number of
financial institutions based here, as outlined in the section on financial services under
Criterion 5, also offer significant employment opportunities.
Ability to attract and retain international skills
The concentration of world-leading organisations in Ireland has positioned the country as a
major European business centre and, coupled with the quality of life in Ireland and Dublin,
this has attracted talented people from many other European countries and further afield.
Ireland is recognised around the world as being home to a hardworking, flexible, young and
highly educated workforce. This is demonstrated by year-on-year investment from foreign
multinational companies. Both 2016 and 2017 have been extremely strong years for Foreign
Direct Investment, with a large number of companies investing for the first time in Ireland
along with companies expanding their Irish operations. FDI companies now directly employ
200,000 people in Ireland which equates to approximately 10% of the working population.
Ireland has built a reputation within the FDI sector as a proven location to hire multilingual
skilled workers.
The Irish workplace is a dynamic and multicultural environment with people from a
multitude of different countries speaking a wide variety of different EU languages.
Proportionally, Ireland has the 3rd highest international workforce in Europe. Today 15% of
Ireland’s workforce was born overseas, with 11% coming from other EU countries.
This proven ability to attract and retain international staff can be seen at Google’s offices in
Dublin which houses approximately 5,000 people, and includes its sales and marketing
division which operates in 45 different languages.
Facebook and Oracle both support 20 languages out of their Dublin operations. LinkedIn’s
EMEA and Latin American HQ in Dublin employs over 1,000 people and serves 50 different
markets with all local language requirements being served out of Dublin.
Social security
Spouses and children of EBA staff who take up residence in Ireland will automatically
become entitled to avail of the Irish social welfare system on the same basis as an Irish
national and will be treated in an identical manner.
The social security system in Ireland is managed and administered by the Department of
Social Protection. The Department will make special arrangements to provide a dedicated
service to EBA staff and dependents during the transition period to expedite the provision of
the Public Service Cards and Personal Public Service (PPS) numbers, which are required to
Ireland’s Offer to Host the European Banking Authority | 29access public services, information and financial supports, and to register with public services such as the Revenue Commissioners (the Irish tax authority.) A Key Account Manager will be identified by the Department to provide a dedicated employer support service to the families of Agency staff. The Department will also provide a dedicated point of contact to provide information and support on working and living conditions in Ireland to the EBA staff and their families. The Department of Social Protection is responsible for the design, development and administration of effective income supports, activation and employment services. It provides comprehensive, accurate information to all its customers and works to provide seamless delivery of services in conjunction with other departments, agencies and bodies. This is done through a network of Social Welfare local and branch offices and Intreo Centres, of which there are many located in the Dublin area. Intreo centres are operated by the Department of Social Protection and help people with employment and income support service needs. Intreo provides a personalised service, based on individual needs including; advice on education, training and personal development opportunities, job search assistance as well as information on and access to the range of income supports. The Department of Social Protection has an excellent track record in serving a diverse group of clients from a very wide variety of backgrounds including many people who have come from other countries to make Ireland their home. The Department’s website has a dedicated page for people moving to Ireland which can be found via this link.2 Healthcare in Ireland Healthcare in Ireland is modern, safe and among the best in the world. Dublin offers an extensive range of healthcare services ranging from easy access to General Practitioner (GP) services to high quality hospital services, both private and public services, and 24-hour access to emergency services. The Health Service Executive (HSE) provides health and social services to everyone living in Ireland. Everybody who is ordinarily resident in Ireland is entitled to access public healthcare services, including public hospital services. Children aged under 6 are automatically entitled to a GP (doctor) Visit Card which allows access to a GP free of charge. Dublin has five major university hospitals, as well as three maternity and three children’s hospitals. There is also a range of private hospitals and clinics. A wide range of emergency, diagnosis, treatment and rehabilitation services are provided in Ireland's public hospitals. The world class national specialist services based in Dublin include heart, lung and liver transplants, bone marrow transplants, spinal injuries, paediatric cardiac 2 https://www.welfare.ie/en/Pages/Moving-to-or-from-Ireland.aspx 30 | Ireland’s Offer to Host the European Banking Authority
services and medical genetics. The HSE also operates a number of Injury Units in the Dublin
area.
A new National Children’s Hospital is in development with an expected completion in late
2021 and plans are underway for a new National Maternity Hospital, both of which will be
located in Dublin.
Ireland’s child health programme is similar to international child health programme models -
covering child health reviews, vaccinations and screening. The totality of the programme is
provided from antenatal stage to the first year in second level school by a number of health
services across a range of settings, from at-home services to hospital-based.
Ireland also has well-developed primary healthcare services, including general practitioner
and nurse-led services, dental services, and a wide range of services provided by allied
health professionals at locations all over Dublin.
In addition to availing of services provided through the public health system, people living in
Ireland can avail of a range of private health care services. Ireland also recognises the Joint
Sickness Insurance Scheme (JSIS) for officials of the European Union, including for
employees of the EBA.
There is an extensive private hospital network in Ireland offering consultant delivered care.
Nine of these private hospitals are in the Dublin area including high technology hospitals
offering specialist care.
Private hospitals provide a range of acute medical and mental health services, including
inpatient procedures, diagnostic tests, elective surgery and inpatient mental health care.
They employ over 8,000 staff, provide over one million bed nights to patients, and 10% of
Ireland’s inpatient mental health care annually. Half of the private hospitals in Ireland also
operate Emergency Departments and/or Medical Assessment Units, including patient
admissions on an emergency basis each year.
Many private primary care centres offer additional services including minor injury
assessment, general medical examinations, well woman and well man services,
management of acute and chronic illnesses, health screening, minor surgery, ophthalmology
services etc.
There are a number of private health insurance companies in Ireland. EEA nationals, Swiss
nationals or those normally resident in Ireland, are entitled to the same benefits from their
private health insurance with these companies as an Irish citizens.
Housing accommodation in Dublin
Map C, ‘Dublin: Housing and City Centre Connectivity’, shows that there are over 305,000
households located in Dublin within a 30 minute public transport commute to the city
centre and there are a further c. 12,000 housing units with planning permission within this
30 minute catchment area. In addition, there are almost 6,000 residential units of all types
under construction in Dublin at present.
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