As far as risk management goes, the term seems almost
trivial when applied to Brexit. Getting past the first step
– identifying potential hazards and how those
scenarios might play out – is difficult. Brexit has no
clear form or shape, no step-by-step plan to follow and very
little in the way of a timeline, beyond those two years from
article 50 being triggered that everyone keeps talking
The industry wants longer, preferably three years, and it
wants grandfathering provisions. But how many politicians want
to be seen giving bankers what they want?
Once the faint possibility of passporting more...