Europe, Middle East & Africa: Déjà vu

Author: | Published: 27 Mar 2017

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 about.

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...