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
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).
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