Brexit response: 7 key initiatives banks must undertake

As the U.K. government triggers Article 50 of the Lisbon treaty, the realities of leaving the European Union will substantially impact the financial services sector. Now, ongoing uncertainty around the detailed effects must be addressed and managed.

Rising to the challenge of competitive operation in a post-Brexit landscape requires comprehensive impact assessments and new operating models that accommodate multiple inputs. More importantly, it demands effective execution of the new models, supported by external experience and expertise.

As a direct response to the scale of Brexit’s multifaceted challenge, we have identified seven key practical initiatives that any bank determined to stay ahead of the post- Brexit game should implement, starting now.