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Dermot Desmond’s contribution to the GFC

Synopsis Dermot Desmond was the major conceiver of IFSC [International Financial Services Centre] in Dublin which was a major contributor to the Global Financial Crisis, due to the lax regulation by the Irish regulator.  His company, International Investment &Underwriting [IIU], boasts of his involvement and he has accepted accolades and an honorary degree for creating the IFSC. … Continue reading