HSBC and Brexit
Helping you navigate Brexit, so you can focus on your business
"The number one advisor on issues relating to the UK's decision to leave the EU."
Greenwich Associates 2016. Based on interviews with 128 treasury professionals in Europe.
The UK's vote to leave the European Union brings a number of regulatory, operational and ﬁnancial implications that have the potential to impact banks, corporates and other organisations.
In these evolving times for Europe, HSBC is the natural partner of choice.
HSBC is a truly European bank that can offer the continuity and stability your business requires.
HSBC brought together a top trade finance team from the UK, France and Germany for a Brexit webcast, examining the potential impact on clients global trade and supply chains.
Bertrand de Comminges
Head of Business Development Global Trade and Receivables Finance, Europe, HSBC Bank Plc. As negotiations continue for the UK’s departure from the EU, businesses on both sides will need to keep both channels of communication and their options wide open as they map out future trading relationships.
The Brexit Landscape
The EU single market was created around four principal freedoms: the free movement of goods, services, capital and people across borders. With the advent of Brexit, all that is set to change for the UK.
What's on the horizon for the UK economy?
There is a range of possible outcomes, but they can broadly fall into 3 scenarios.
- Soft Brexit: The UK seeks full access to the single market while enforcing freedom of movement for people
- Hard Brexit: The trade talks fall apart or the negotiated deal fails to pass. The UK exits the single market and the customs union in 2019
- Creative Brexit1: 2-year 'status quo' transition deal before applying the result of the negotiations. The UK exits the single market and the customs union in 2021
1. 'Creative Brexit' refers to the potential outcome of a negotiated settlement between a 'Hard' and a 'Soft' Brexit, but different in nature to existing agreements between the EU and non-EU states."
First and foremost at HSBC we’re ready to ensure business continuity for our clients. And this is where the Brexit working group comes in. By getting everyone in the organisation round a table early you can unearth impacts that might not at first seem obvious
Eddie NORTON, Regional Head of Global Liquidity and Cash Management Europe
Throughout Brexit, we'll keep your focus on the next move forward.
Through evolving times for Europe, Clients can rely on HSBC for continuity, stability and support for your business. Whatever Brexit scenario unfolds, our well-established UK and European Economic Area (EEA) network will mean the minimum of disruption for businesses.