19 February 2018
Brexit: The impact on wholesale financial services contracts
This new report, a collaboration between the Association for Financial Markets in Europe (AFME) and Clifford Chance, gives guidance to businesses and other market participants, explaining the potential significant impact of Brexit on contractual relationships for financial services. With just over a year until the UK is due to leave the European Union, there remains uncertainty as to the future relationship and the nature of any transitional arrangements between the UK and EU27. Financial services firms have already developed plans to adapt to the likelihood of the UK leaving the Single Market to ensure that firms can continue to service their clients across Europe. The report provides answers to a number of “Frequently Asked Questions” highlighting potential operational and documentation impacts.