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The existence of the Clearing House Group within the International Financial Services Centre (IFSC) in Dublin is unknown to most people in Ireland. It is made up of top civil servants from the departments of An Taoiseach and Finance, the Irish Banking Association, Merrill Lynch, Bank of America and KPMG. It draws up the legal framework within which companies operate within the IFSC. If you imagine a group of professional criminals sitting around a table with top civil servants drawing up the legal framework for dealing with bank heists you'll have some idea of the work of this group. They draw up the laws within which they then operate as a group. A recent edition of the Live Register looked at its work.
