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Financial services

The UK Brexit transition period ends on 31 December 2020. This page brings together guidance and news from ICAEW, as well as externally-produced resources that provide practical information covering the impact on banking, insurance and investment management.

Need to know

Latest news and insights

Building a new life for the future

Against a background of rising populism, crushing austerity and climate change, infrastructure has suffered. Here, Henry Teitelbaum explains how global risks demand sharper focus on the matter.

UK competition law post Brexit

Alan Davis of Pinsent Masons LLP looks at the future direction of UK competition law post-Brexit – as well as in the event of no deal being reached – with topics such as merger control, competition enforcement and state aid

Guides and FAQs

External resources

Preparing your firm for Brexit: end of the transition period

Information from the Financial Conduct Authority to help financial services firms prepare for the end of the transition period. Outlines issues for all firms and considerations for UK firms and EEA firms conducting business in the UK.

What would no deal mean?

Report from research organisation UK in a Changing Europe on the potential impacts of leaving the EU without a deal. Includes analysis for the following sectors: agriculture and food; fisheries; energy; services; road haulage; aviation; rail (Eurotunnel).

Brexit update: the shape of the United Kingdom's exit

Article from law firm Eversheds Sutherland on the implications of the withdrawal arrangements as the UK leaves the EU. Discusses business planning with sections on immigration, data protection and financial services.

Let’s Talk Business

Online guide providing practical advice to SMEs on post-Brexit financing needs. The guide covers access to finance; managing cash flows; trading and making payments overseas; applying for finance; alternative options to bank finance.

Brexit briefing: A UK Treasurer's checklist

Checklist from the <a href="https://www.treasurers.org">Association of Corporate Treasurers</a> to help you assess your current treasury landscape, understand what the business needs and how your banks are adapting. Sections cober maintaining sufficient liquidity, continuity of contracts, FX volatility, cash management, credit rating agencies and pensions.

Brexit and financial services

Briefing paper from the House of Commons Library on the implications of Brexit for the financial services sector. The paper draws together the responses of official bodies, financial institutions and other organisations as well as highlighting developments since the referendum.