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Speculation has abounded in recent weeks regarding the short and long terms consequences of Brexit. For the pharmaceutical industry, there are ramifications both in the UK and across continental Europe.
Bank of England’s lowering of rates following the Brexit vote could destroy up to 10% of retail banking and building society profits, a loss of £1.4 billion
International consultancy reports rapid growth of 19 percent
Ring-fencing regulations are due to be implemented for financial institutions by 2019. But what exactly is ring-fencing, how will banks be impacted and what measures can be taken?