New Brexit Proposals Risk Damaging Banking Sector
Operational Risk / United Kingdom / Fri 13 Jul, 2018
Key View: Although the UK banking sector has proven resilient to Brexit uncertainty, we warn that with the official exit date less than a year away and little progress on reaching a settlement deal with the EU, industry headwinds are intensifying. While it is difficult to gauge the likelihood and impact of a serious shock to the sector, we believe