Brexit for Banks – Impact and Progress of Preparations
With the UK’s decision to leave the EU, the Brexit scenario is one of the most recent incidents holding the banking industry in suspense. The separation of markets and clients as well as new regulations and uncertainty of legal status raise challenges for European banks. Although Brexit is expected to impact banks in German-speaking countries significantly, preparations are not on track.
Therefore, Horváth & Partners conducted a survey about the status quo at selected banks facing the challenges of Brexit. Executive and Senior Expert Level participants were questioned to examine their expectations.
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