Brexit studies: the good, the bad and the ignorant

Author: Tom Young | Published: 4 Jul 2017

The UK government may be dithering over its Brexit negotiating position, but the financial services industry can’t be accused of suffering from the same inertia.

The past week has seen three key reports examining both the fears of the industry and possible solutions to Brexit-related concerns, on everything from small and medium-sized enterprise (SME) funding and transposition to how the UK’s departure will work – or not – with the Markets in Financial Instruments Directive (Mifid II).

A report published yesterday examining the impact of Brexit on SME corporates and investors across the EU highlighted severe concerns over the availability of loan funding.

The report, published by the Association of Financial Markets in Europe (Afme), the Boston Consulting Group and Clifford Chance, is one of the first studies to look both across the EU27, and to focus on non-financial corporates.

Assuming a hard Brexit scenario, respondents are concerned about the...