Decision Support Services
Facilitating UK financial services providers’ continued access to European passporting rights
Following the result of the UK’s EU referendum, credit institutions, insurers, investment managers and other UK-based financial services firms are considering how best to continue operating their business models in the UK while also ensuring they retain their access to the wider European marketplace.
Now that key decisions are being, or have already been, made, EisnerAmper Ireland’s financial services team are working with firms on the next stage of the process, being “how” to implement their decisions. This is what we do every day.
While political negotiations are expected to extend over a 5 to 10 year period, prudent regulated entities will seek to implement their contingency plans to ensure customer continuity of service and maintain their balance sheet strength. The most timely, effective and frictionless route to continue trading in the EU is to seek authorisation in another EU member state. Depending on the type of financial service involved, the legislation is either already in place or en route and the passporting rights and related regulatory operational protocols are well established.
Retaining a base of operations in the UK, while establishing in Ireland as well, is seen by many firms as an optimal solution.
At EisnerAmper Ireland, we provide strategic advice and pragmatic operational support to UK firms making trade happen through their Irish base following the Brexit decision. Our services include:
For further information on how we help firms operationalise decisions please visit our International Trade market page.
Download our guide here: EisnerAmper – Brexit Guide
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