MRM launches EU intelligence service to help firms counter Brexit risks
With both the temperature of the political debate and the likelihood of the UK leaving the EU rising, MRM Public and Regulatory Affairs has launched its EU intelligence service. Focused on financial services this covers issues across the EU institutions and will include detailed coverage of the EU referendum as it unfolds.
The new service follows increasing interest from firms who recognise the growing importance of EU regulation coupled with greater recognition that Brexit, with all the related uncertainty and costs, is a real possibility. It offers a comprehensive guide to upcoming events in the EU with a weekly summary aimed at demystifying the issues.
Havard Hughes, MRM’s Head of Public & Regulatory Affairs commented:
“The Scottish referendum saw seismic shifts in the value of sterling and in company valuations as the UK seemingly lurched towards break-up. Likewise, a Brexit vote could unleash massive uncertainty for firms and even for the future prospects of EU based employees in London.
“Financial services regulation has already seen a real shift in recent years to EU wide regulation. Whether we see the UK leave the EU or remain, much of the UK regulators’ work is implementing EU standards. This would be especially the case if the UK follows the Norwegian precedent where the early implementation of EU standards could become increasingly important for firms seeking to trade across the EU.
“In response to all this uncertainty and increasing concern in the City that EU exit will have a catastrophic effect on financial services firms, we are moving to provide our clients with this vital service to keep them abreast of policy developments. Brexit could shape the future of the City as profoundly as the Big Bang in the 1980s. It is no surprise, therefore, that we are keeping a close eye on developments for clients, particularly as opinion polls have started to find in favour of Brexit. MRM’s EU intelligence service aims to keep our clients informed of the detail of EU regulation as well as early warning of the risks that could crystallise in the event of a “leave” vote.”
For further information on the service, please contact email@example.com or call 020 3326 9900.