Brexit: Impact on UK-Based Banks – Earthquake or Tremor?

PLI Webcast

11 Jan 2017 11:00 a.m. - 12:00 p.m. EST

Following the UK’s vote in June 2016 to leave the EU, one of the major areas of concern has been the impact of Brexit on the UK banking sector.  In addition to the UK banks, many international banks headquarter their European activities through branches or subsidiaries based in London. Topics will include:

  • What is meant by the “single market” for financial services and the “EU passport”?
  • “Hard Brexit” vs. “Soft Brexit” -- What do these terms mean in the context of banking and financial services? To what extent are UK based banks likely to be able to maintain access to EU markets following Brexit in each scenario?
  • When will banks need to make firm decisions about possible relocation of activities to other EU jurisdictions?
  • What will be the impact of recent proposed changes to CRD4/CRR and the BRRD to non-EU banks carrying out activities in the EU?
  • In its G20 memo, the Japanese government asked for certainty and transparency in the Brexit negotiations. What are the chances?



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