brexit - Blog - Global Risk Community2024-03-28T14:16:02Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/brexitLondon v. Brussels: Banking sector stranded in Brexit negotiationshttps://globalriskcommunity.com/profiles/blogs/london-v-brussels2016-10-27T07:00:00.000Z2016-10-27T07:00:00.000ZBoris Agranovichhttps://globalriskcommunity.com/members/BorisAgranovich<div><p>A message from our partner:</p>
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<tbody><tr><td><p><span style="font-family:arial, helvetica, sans-serif;"><span style="font-size:14px;"><strong>Dear Global Risk Community member,</strong><br /></span></span></p>
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<tbody><tr><td colspan="2"><p align="justify"><span style="font-size:14px;"><span style="font-family:arial, helvetica, sans-serif;"><span style="color:#ffffff;">-</span></span></span></p>
<p style="text-align:justify;"><span style="font-size:14px;"><span style="font-family:arial, helvetica, sans-serif;">As Britain begins negotiations with Brussels on their post-EU relationship, the banking sector is left like the child of a long, ugly divorce.<br /> <br /> If the UK does not settle passporting rights and regulatory equivalencies for the interim, this uncertainty could lead to a mass relocation for banking institutions and potentially a decentralisation of operations.</span></span><br /> <br /> <span style="font-size:14px;"><span style="font-family:arial, helvetica, sans-serif;">The question whether to ‘leave’ or ‘stay’ now lies with the banks, and in the worst case scenario, it will mean the choice of <strong>either</strong> EU <strong>or</strong> UK, not both.<br /> <span style="color:#ffffff;">-</span></span></span></p>
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<tr><td style="vertical-align:top;"><p style="text-align:justify;"><span style="font-size:14px;"><span style="font-family:arial, helvetica, sans-serif;">This article evaluates the necessity of <strong>passporting</strong> rights, <strong>equivalency</strong> in regulations, Brexit’s impact on <strong>data management</strong>, embracing <strong>BCBS239</strong> compliance, and argues that prudent institutions should favour a conservative approach and emphasise <strong>over</strong>-<strong>disclosure</strong> of risk data.</span></span></p>
<p style="text-align:center;"><strong style="font-family:arial, helvetica, sans-serif;font-size:14px;">>></strong><span style="font-family:arial, helvetica, sans-serif;font-size:14px;"> </span><a href="http://bit.ly/grBrexit"><strong><span style="font-family:arial, helvetica, sans-serif;font-size:14px;">Read 'How Should Banks React to Brexit?'</span><span style="font-family:arial, helvetica, sans-serif;font-size:14px;"> here</span></strong></a></p>
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<td><p align="center"><a href="http://bit.ly/grBrexit"><img alt="" src="http://skyemailmarketing.com/userfiles/image/IQPC-Germany/Karina/rsz_25516002brexitjustflag.png" style="width:100px;height:104px;" /></a></p>
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<tr><td colspan="2"><p align="justify"><span style="font-size:14px;"><span style="font-family:arial, helvetica, sans-serif;"><span style="color:#ffffff;">-</span></span></span><span style="font-size:14px;font-family:arial, helvetica, sans-serif;">If you are interested in learning more on how to prepare for the fallout of Brexit and the upcoming challenges of compliance, join</span> <strong style="font-size:14px;font-family:arial, helvetica, sans-serif;">ECB</strong><span style="font-size:14px;font-family:arial, helvetica, sans-serif;">,</span> <strong style="font-size:14px;font-family:arial, helvetica, sans-serif;">UBS</strong><span style="font-size:14px;font-family:arial, helvetica, sans-serif;">,</span> <strong style="font-size:14px;font-family:arial, helvetica, sans-serif;">RBS</strong><span style="font-size:14px;font-family:arial, helvetica, sans-serif;">,</span> <strong style="font-size:14px;font-family:arial, helvetica, sans-serif;">Deutsche Bank</strong><span style="font-size:14px;font-family:arial, helvetica, sans-serif;">, and more at the</span> <strong style="font-size:14px;font-family:arial, helvetica, sans-serif;">2nd International Conference Bank@Risk</strong> <span style="font-size:14px;font-family:arial, helvetica, sans-serif;">in January 2017 in Frankfurt, Germany. <a href="http://bit.ly/grBankatRisk"><strong>Learn more</strong></a></span><a href="%5BTrackable%20URL%3A%20AGENDA%5D"><strong><span style="font-size:14px;font-family:arial, helvetica, sans-serif;">. </span></strong></a></p>
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<p style="text-align:justify;"><span style="font-family:arial, helvetica, sans-serif;"><span style="font-size:14px;">If you have any further questions, please visit <strong><a href="http://www.bank-at-risk.com">www.bank-at-risk.com</a></strong> or contact us by either calling <strong>+49 (0)30 20913 274</strong> or per <a href="mailto:eq@iqpc.de?subject=I'd%20like%20to%20learn%20more%20about%20Bank%40Risk"><strong>email</strong></a>!</span></span></p>
<p align="left"><br /> <span style="font-family:arial, helvetica, sans-serif;"><span style="font-size:14px;">Kind regards,</span></span></p>
<p align="left"><span style="font-family:arial, helvetica, sans-serif;"><span style="font-size:14px;">Karina Schultz<br /> Bank@Risk Team</span></span></p>
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