The United Kingdom’s vote to quit the European Union will no doubt cast a long shadow on the country’s economic prospects, and financial institutions operating in the UK will face some of the consequences of that negative performance sooner rather than later. Banks and other financial entities should begin now to prepare for how they will operate in the UK and in the EU post-Brexit. This brief but informative report from professionals at the Boston Consulting Group lays out the possible scenarios for a variety of financial institutions and tallies up their costs. getAbstract recommends this worthwhile text to financial professionals and bank customers alike.
In this summary, you will learn
- What negative impacts the Brexit vote is likely to have on the UK economy,
- How those will affect banks and other financial institutions, and
- What banks can do to help prepare for the challenges ahead.
About the Authors
Tim Monger et al. are professionals with the Boston Consulting Group.