Brexit and Risk for Financial Institutions
Following the vote by the UK to exit the European Union (EU), financial institutions should begin to identify all potential risks that may arise and make preparations to track their development over the next two years, while negotiations take place.
The political pathway remains unclear; however, companies should be prepared for short-term risks such as currency depreciation and high levels of uncertainty. In addition, they should already begin planning for more longer-term risks, such as regulatory uncertainty, access to the European Economic Area (EEA), and people and location issues.
To learn more, read our latest briefing on the topic, which highlights the insurance and risk considerations for financial institutions following the UK’s vote to exit the European Union.