We are disappointed that the ambition displayed in proposals for expanding the mandate of the Fund and its resources are not matched by the ambition in the proposals for realigning quota shares. 23. The improved, but still flawed quota formula does not adequately reflect global economic realities.
Should a hard Brexit materialise, for instance, they will need to figure out what that means – for customer relationships, for foreign services and supervisory licences. Such a conscientious analysis then needs to be followed by equally meticulous preparations. That is the only possible protection from unexpected consequences.