Bank CEOs See Brexit as a Challenge, Not a Systemic Risk

The video discusses the potential impact of a no-deal Brexit on the international financial system. Panelists agree that while it poses a challenge, it does not constitute a systemic risk. Institutions have prepared contingency plans, including relocating operations and working closely with clients to mitigate risks.

What is the general consensus among the panelists regarding the impact of a no deal Brexit on the international financial system?

• It will have no impact.

• It is a challenge but not a systemic risk.

• It poses a systemic risk.

• It will benefit the financial system.

What have Mr. Corbett and Mr. Scharf done in preparation for a no deal Brexit?

• Increased investments in the UK.

• Relocated operations and ensured EU compliance.

• Halted all UK operations.

• Merged with other institutions.

Which country did Mr. Corbett's institution relocate its bank to?

• Netherlands

• Ireland

• Germany

• France

What is a key aspect of Ms. Sharp's strategy to handle a no deal Brexit?

• Focusing solely on UK operations

• Reducing client interactions

• Building up control functions and moving personnel

• Increasing UK investments

How have institutions worked with clients to prepare for a no deal Brexit?

• By ignoring client concerns

• By moving transactions and handling paperwork

• By increasing transaction fees

• By reducing client services