30 November 2016
Time to adapt: Achieving an orderly transition for banking
This report looks at why transition is needed and how transition arrangements may be structured to avoid a disorderly exit and deliver the most positive outcome for UK and EU27 citizens. It builds on the analysis in the August 2016 report 'UK exit from the EU: An orderly transition for banking'. The report was developed in collaboration with UK Finance and Global Counsel LLP and has since been supplemented by a second report "Time to adapt: Achieving an orderly transition for banking – an EU customer perspective", which looks in greater detail at the nature of the financial services supply chains.