FCA’s Bailey: firms need Brexit clarity fast
Many financial firms will have to make decisions over the next few months that are very hard to unwind
Firms require certainty on Brexit outcomes if they are to make informed decisions and they may soon reach a point of no return, Financial Conduct Authority chief Andrew Bailey said today (October 31).
Although the final cut-off for Britain’s exit from the European Union is not set to arrive until April 2019, firms will be taking decisions that may be “irreversible”, or at least hard to reverse, over the next few months, he warned.
Hiring decisions are likely to prove particularly challenging
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