target clients: commercial firms
The Brexit Impact Assessment ('BIA') is a key tool in ensuring business continuity post-Brexit. It encompasses an initial Brexit briefing to enable executives participate productively in the process.
The BIA enables our clients to understand the consequences of Brexit for the business and determine continuity requirements, risks, new business opportunities and priorities. Typically our BIA will identify:
- Impact on customers, supply chain and overall ecosystem;
- Impact on staff, business processes, facilities, technology and other critical resources;
- Impact on statutory duties or regulatory requirements;
- Impact on reputation;
- Impact on financial viability;
- Deterioration of product or service or service quality;
- Impact on Intellectual property, knowledge and data;
- Impact on stakeholder confidence and goodwill;
- Political interest and comment.
Case Study: Private Bank
We undertook a preliminary BIA for a European Private Bank which was required to complete Brexit returns for both the PRA and latterly the bank’s national regulator.
The impact assessment was undertaken using a combination of questionnaires, interviews and workshops. The nature of the assessment was primarily risk driven given the nature of the Supervisory returns required.