Many corporates doing business in the UK or Europe are considering potential treasury function impacts. What role can treasury functions play in contingency planning for various Brexit scenarios? Impact on financial services and physical goods may be very different. Treasurers need to be aware of required changes to banking relationships but also of the impact to products and commercial partners. Consider structural changes such as treasury location, supply chain or product distribution? Given risks in the key UK and US export markets, are there opportunities to diversify overseas trade beyond traditional partners leveraging on international Trade Agreements?
BALINT ELEK, Head of Global Trade and Receivable Finance, HSBC Bank plc