UK:
TIME IS UP- BOE's Deadline For Banks To Submit Their Brexit Plans Passes …
20 July 2017
Reed Smith (Worldwide)
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On 7 April, the Bank of England gave financial firms a hard
deadline of 14 July for submitting their contingency plans for
Brexit, which passed last Friday.
These plans were required to contemplate a variety of scenarios
including the prospect of a "hard Brexit", which as the
UK and EU governments continue along the path of tough Brexit
negotiations, probably makes the Banks wish they possessed a
crystal ball...
For more information please see our previous blog
here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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