"In this period of uncertainty, every business needs to consider what Brexit could mean. Scenario planning, taking the latest developments into account, will be vital as the landscape continues to evolve across the whole spectrum of concerns for business – from people policy to passporting of goods and services to name but two. We have been actively supporting our clients with their readiness plans and now as they start to digest what Brexit could mean. The impacts will vary enormously and we advise organisations in any event to continue to focus on their growth strategies while developing options to manage the challenges and opportunities ahead.
The interplay between business and politics -commercial activity and the regulatory framework around it- will inevitably be made more complex by these events.
Such periods of change bring opportunities as well as dangers. Careful and well informed revisions in your strategy may be necessary.
At PwC Luxembourg we stand ready to help you in that process. We have a dedicated Brexit team, plugged into our global network, with the latest strategic, operational and technical insights together with expert opinion on likely trajectories, political, legal and financial.
Over the coming months and years, what our clients need is stability - an environment they can rely on to grow their business.
Luxembourg and the UK have a long history of working together to mutual advantage: that is going to continue. Solutions that work will need to keep this in mind -this is not about taking business from the UK, but about building a new way of working together."
"Over the coming months and years, what our clients need is stability - an environment they can rely on to grow their business. Luxembourg’s business friendly and stable environment in the heart of the EU together with its strong global linkages provides a compelling part of any Brexit solution."
Does Brexit present any opportunities for asset managers?
With Brexit, there is much to speculate as far as the UK’s financial services industry is concerned. The right to distribute and sell financial products in the European Union for firms based out of the UK might be lost.
The people of the United Kingdom raised their voices with the recent referendum, which may result in the decision to leave the European Union.
Les britanniques ont rendu leur verdict : le peuple a demandé au gouvernement du Royaume-Uni de négocier la sortie de l’Union européenne dans les deux ans à venir.
The UK’s decision to leave the EU will have significant implications for businesses and we are already working with our clients and staff to support them throughout the process of understanding these developments and responding to them appropriately.
Brexit put the insurance sector in a spin but there are ways insurers can manage certain key issues, especially EU market access.