November 30, 2020

The AEB explains the repercussions of "brexit" on a new website

The AEB explains the repercussions of "brexit" on a new website



The employers of Spanish banks, the AEB, has launched a website in which they analyze the repercussions they can have for citizens, companies – including banks – and institutions leaving the United Kingdom from the European Union, It is known as "Brexit", scheduled for March 30.

The exit of the United Kingdom, explains the AEB in a note sent this Tuesday, could have, in addition, impact on the financial markets, since London is one of the main global financial centers.

With this website -https: //www.aebanca.es/brexit-estas- preparado / – the AEB intends to offer information so that consumers of financial products and financial institutions know how they can be affected by the departure from the United Kingdom of the EU.

It also facilitates access to information on the contingency measures that are being adopted at national and European level in the area of ​​financial services.

The two possible scenarios, recalls the AEB, are on the one hand that the withdrawal agreement is ratified before March 30, and in that case the EU right will cease to apply in the United Kingdom on January 1, 2021, that is, after a transitory period of 21 months.

The second possibility is that the agreement for the "Brexit" is not finally ratified before March 30, but even so, the British authorities maintain their willingness to leave the EU.

In this case, the exit will be made without a transitory period and the community law will cease to apply in the United Kingdom as of March 30, 2019.

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