Publication
Climate change litigation update
In the two years since our last climate litigation update, the prevalence and variety of global climate litigation around the world has continued to increase.
Brexit survey: the impact on the foreign banking sector
Global | Publication | November 2017
The financial services industry constitutes around 7 per cent of UK GDP, directly employs 1.1 million people (two-thirds of them outside London) and contributes a significant proportion of tax revenue to the UK. An important part of the industry is the banking sector, consisting of UK domestic banks and non-UK banks that have established themselves in the UK (many of which use the EU passport to conduct cross-border business).
Following the UK’s vote to leave the European Union, the Association of Foreign Banks formulated a position statement earlier this year to reflect what they understood to be the key Brexit related issues for the foreign banking sector in the UK. This was followed by a survey, carried out with Norton Rose Fulbright, among the AFB membership gauging the foreign banking sector’s sentiment on Brexit. AFB members, including some of the world’s largest banks, responded, looking at three areas:
- The UK’s post-Brexit relationship with the EU
- Immigration impact on staff
- Business confidence/political stability in the UK
We hope that you find the report insightful. If you would like to discuss any aspect of the report further, please get in touch.
Global Head of Financial Services
Email
jonathan.herbst@nortonrosefulbright.com
Recent publications
Publication
Keeping possession: English football enters a new era of regulation
Now in its sixth year, our annual English Premier League (EPL) football report, Keeping Possession, captures insights from our global sports law team on the key trends and topics shaping the landscape of English football.
Subscribe and stay up to date with the latest legal news, information and events . . .