It’s not all about Brexit | KPMG | UK

Brexit can become banks' catalyst for change

Brexit can become banks' catalyst for change

In this article, KPMG’s Richard Bernau shares his thoughts on why Brexit and regulatory change make now the time to address long-standing structural and commercial concerns.

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Director, Deal Advisory and Market Intelligence Team

KPMG in the UK

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Over the next 12 months, banks will be watching the Brexit process, elections across Europe and the ‘Trump effect’ to understand how geo-politics will impact their futures. But as KPMG’s Richard Bernau outlines, none of these geo-political factors are as important to banks as the long term structural and commercial decisions that their own executives will have been mulling over for some time.

Highlights:

  • Despite the need for EU banks to passport into the UK, political posturing may outweigh common sense for much of 2017
  • Banks must be much more vigilant to the changing geopolitical landscape and the effect that could have on regulation
  • Brexit and regulatory upheaval make now the time to address long-standing structural and commercial concerns

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