Тhe decision of the British electorate to leave the European Union ("EU") will have a profound impact on the financial sector in the UK. In this post, we will look at some of the available means to avoid or mitigate the disruption in the wholesale and investment-banking sector as a result of the exit from the EU, namely … Continue reading Banks without passports: What are the prospects for a “safe landing”?
Author: Atanas Sabev
Banks without passports: How deep is the Brexit cliff?
Following the decision of the British electorate to leave the European Union (EU), the concerns of the UK-based banks are focused on the critical issue of “passporting” rights, which allow UK-licensed financial institutions to provide financial services directly to customers in other EU Member States. In a previous post, we have already sketched out the baseline scenarios … Continue reading Banks without passports: How deep is the Brexit cliff?
Banks without passports: The baseline scenarios for the UK banking sector after Brexit
Тhe decision of the British electorate to leave the European Union (EU) will have a profound impact on the financial sector in the UK, which employees 1.1 mm people and generates about 9% of the country`s GDP as well as 11% from the overall tax revenue. One of the most severely affected firms in the … Continue reading Banks without passports: The baseline scenarios for the UK banking sector after Brexit
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