Brexit

Management of all regulatory banking relationships with regards to Brexit for an international investment bank

Client objectives

  • Prepare for a potential ‘No-Deal’ Hard Brexit (UK leaving the EU without a deal) whereby the client’s UK subsidiaries (banking and broker dealer entities) would lose access to their EU clients and counterparties

  • Enable subsidiaries and branches in various EU locations including required regulatory approvals, platform and staff

  • Transfer EU-clients business from London to continental Europe

GEM services

  • Advised program leadership on Hard Brexit strategy including central program and stakeholder management (BoD, ExB and various other committees)

  • Provided regulatory strategy advise including coordination of all regulatory engagement (PRA, FCA, FINMA, BaFIN, ECB, ACPR, CNMV etc.)

  • Led various working groups on capital, risk models and corporate process

Value added

  • Implemented inter and intra legal entity governance framework and synchronized internal and external communication in a highly complex multi-stakeholder environment

  • Coordinated and aligned approach to various regulators across jurisdictions including availability of S&P and Fitch ratings for two legal entities

  • Supported on key success factors such as capital, ratings, communication etc.

Application of our capabilities

Strategy and Innovation

FS Finance, Risk and Regulation

Corporate Finance and Post Merger Integration

Transformation and Change Management

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