Brexit – the clock is ticking As regards Brexit, the main issue for banks has been clear from day one: market access. Once the United Kingdom has left the EU, banks operating from the UK might lose the EU passport. And with it, they might lose access to the European market.
And there should be no presumption that the Electronic Herd should, alone, set the specifications of the Golden Straitjacket. There are tricky issues here – for example, the handling of intellectual property rights will determine how the benefits are shared between creator and user.