Brexit and the potential effects on financial institutions in Southeast Asia
What will Brexit mean for business and the economy?
Several weeks have passed since the Brexit referendum and there is a sense of uncertainty in the UK and European markets as we wait for the negotiations between the UK and the European Union (EU) to get underway. This uncertainty, even though still distant for now, has caused financial institutions in Asia, including those in the Southeast Asia, to sit up and examine their interests in the UK.
Where financial institutions in Southeast Asia are concerned, the implications of Brexit can be classified under the following 3 main, potentially interrelated, areas: regulatory, systemic and eco-political.