Verified Document

Impact Of Brexit On Financial Firms

Related Topics:

Financial Firms On December 11th, parliament will make a decision on whether or not to accept Britain’s withdrawal agreement with the European Union. What are the ramifications for businesses, most specifically financial firms? From a PESTEL analysis perspective, it is important to note that financial firms ought to not only assess, but also analyze the relevant macro-environmental factors likely to impact the way they do business. Four factors will be taken into consideration in this discussion, with the context being the article; Financial Firms have Quietly Prepared for Brexit. There said factors are political, social, economic, and legal factors.

Political

This has got to do with the degree (and impact) of government intervention in the economy. In reference to Brexit, the Dec 11 parliamentary decision will impact financial firms and how they conduct business. Although an event of this nature ought to trigger uncertainty in the industry, the article argues that financial firms have been quietly preparing for Brexit. This has been made easy by three key factors that give the said firms an added advantage over other kinds of business,...

size, regulation, and fear. However, regulatory pressures are sure to be witnessed. For instance, as it has been pointed out in the article, “the  ECB (European Central Bank) is insisting that banks set up more than mere “empty shells”, in which business is booked with EU27 clients while the real business—and risk—stays in London, outside its purview.”
Economic

This is an amalgamation of all the factors that affect the profitability of firms and their viability in the long-term. The profitability of financial firms, particularly banks, is likely to experience a roller coaster of sorts going forward. This is particularly the case if the uncertainty over the future of the country’s economy persists and BOE is forced to revise interest rates downwards from the current 0.75%.

Social

This has got to do with the population’s attitudes, characteristics, and shared beliefs. Two of the social aspects that ought to be highlighted in this case are migration and access to higher education. With regard to immigration, the regional work migration could become more…

Cite this Document:
Copy Bibliography Citation

Related Documents

Brexit
Words: 1472 Length: 4 Document Type: Term Paper

Brexit Introduction On June 23, 2016, a referendum was held in the United Kingdom, where voters were asked to decide between remaining in the European Union or leaving it. The vote was close – 51.9% voted to leave and 48.1% voted to stay, and the turnout was 71.8% (Hunt & Wheeler, 2018). The terms of the vote were that the UK was to leave the EU by March 29, 2019, and at

European Union and Brexit
Words: 669 Length: 2 Document Type: Essay

Brexit - Financial Market & Institutions In June 2016 majority of British citizens voted to withdrawal from the European Union (EU). Since then there has been immense debate over the impact of the withdrawal on the UK, other EU countries, and the EU as a whole. One of the areas where the withdrawal may have a devastating impact is the trading market. Focusing on the market perspective, this essay discusses the

The Impact of Legislation on Violence
Words: 9495 Length: 33 Document Type: Essay

Firearms Legislation and Firearms-Related Violence in Europe This paper examines the relationship between firearms legislation and gun-related violence across countries and regions in Europe. The focus of the paper is to identify possible sources of literature to help answer questions regarding whether legislation is an effective tool in reducing firearms-related violence. The paper focuses on variance of gun violence rates throughout Europe, gun legislation, and possible national strategies for addressing the

Bangladesh Market Carrefour Expansion and Entry Plan
Words: 6638 Length: 22 Document Type: Research Paper

Carrefour Expansion and Entry Plan into the Bangladesh MarketExecutive summaryThe increase in globalization has increased market opportunities for large companies and organizations, making them go international. Carrefour is one of these organizations that have been sought to increase their market share by venturing into the global market. This expansion plan is for the organization�s expansion and entry into the Bangladeshi retail market. PESTLE Analysis of the Bangladesh market shows that

Capital Budgeting Case Study
Words: 2438 Length: 10 Document Type: Essay

Franchise South Coast Railway is evaluating a proposal for a five-year franchise from the UK government. This proposal would be to operate a high speed commuter rail service from 2018 to 2022. The following report will examine the financials relating to this decision, and the decision-making heuristic. Decision-Making The decision at hand is essentially a capital budgeting decision. There are a few different ways to evaluate a capital budgeting decision. The most common

Emirates Airlines PESTLE AND SWOT Analysis
Words: 5075 Length: 17 Document Type: Essay

Introduction A strategy is defined as a plan of action intended to accomplish a specific goal. Strategy encompasses attaining or at least attempting to attain to gain, a competitive advantage over rivals. According to Porter (1996), differentiation takes into account being different in the choice of a dissimilar mix of activities to provide a product or service. Furthermore, a strategy is a decision which will make a significant difference to the

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now