BREXIT analysis: Assume I have a bank based in London and serves global clients. ...
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BREXIT analysis: Assume I have a bank based in London and serves global clients.
- It makes loans and serves investment banking that serves large corporations. The bank purchased several smaller banks in France and Germany in the last decade.
- Global staff: 55% of are located in the UK, 35% are located elsewhere in the EU, and 10% are outside the EU. I have large operations in Paris, Frankfurt and New York and some branches elsewhere.
- Of my UK staff: 55% are UK citizens, 40% are citizens from elsewhere in the EU, and 5% are non-EU.
- Loan portfolio is similar to your global staffing pattern, but complicated by the many cross-border deals you work on.
Based on this information, what are some risk management strategies that we could make?
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