Brexit - keep calm and make a plan
Professional resources for Brexit planning - regularly updated
The results of 23 June 2016 EU referendum clearly surprised some more than others – and as we all know, the one thing that markets hate is uncertainty…
Given the period of uncertainty we are experiencing, it is even more important that treasury is fully embedded into the business, not only to provide support to those businesses that are having to adjust their strategic plans, but to ensure that the link between the business and the sources of finance and hedging - the banks and debt investors - remain strong and effective.
It is also clear that the political process and EU negotiations will take some time to resolve. Business cannot wait for clarity. It needs to set plans and act upon them. Treasurers are excellent problem solvers, and the ACT is focused, as always, on the practical issues facing treasurers and their business.
In the weeks leading up to the referendum The ACT published a number of articles and guides (linked below) including a "T minus 7" poll of its Treasurers’ Forum to understand what (if any) action treasurers were taking in the lead up to the Brexit referendum.
We followed up with a "T plus 7" poll to see what the biggest concerns were for the short term immediately following the Brexit result.
Our briefing Brexit 2016 - a post-referendum checklist for treasurers provides a 22 point checklist of the key considerations for treasurers in terms of the impact on both their company and its treasury activities.
And one year on, we hosted a webinar with a panel of experts to discuss how corporate treasurers across Europe have been preparing for Brexit and what they plan to focus on in the months and years to come. You can hear what they had to say here.
We will continue to provide resources and support to our members and the wider financial community so check back regularly for updates.
ACT RESOURCES, GUIDANCE AND COMMENT
Useful third party Brexit resources
In addition to Brexit specific articles there are other ACT resources that may be helpful in the short term including:
If there is a specific question that you think the ACT team may be able to assist with, please drop us an email at firstname.lastname@example.org and we’ll do our best to point you in the right direction.