Second, I would stake stock of the incoming financial institutions due to Brexit Third, I will then talk about the strategic options post Brexit. State of Brexit preparations The book as well as the Association of Foreign Banks in Germany are as important as ever given the developments we are seeing due to Brexit.
This event has a major impact on the German banking sector not only in the short, but also in the long term. For the short term, I may say that banks and supervisors have more or less completed preparations for a hard Brexit.