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Brexit

On 31 January 2020, the United Kingdom left the European Union (EU) and is considered a third country. The UK left under the terms of the Withdrawal Agreement, which both sides agreed and ratified.

In order to give all stakeholders time to adapt to the new circumstances, a transitional phase started on 1 February 2020, which was agreed under the Withdrawal Agreement and will last at least until 31 December 2020.

During this period, the United Kingdom remains part of the EU single market and the EU customs union. In addition, all treaties, rules and obligations continue to apply to the UK.

During the transition period, the EU and the UK aim to agree the foundations for their future partnership in an agreement.

Until the terms of any future relationship are finally determined, there remains a certain degree of uncertainty for financial market participants.

Position of Deutsche Börse Group

Brexit member readiness

Updates, user guides, presentations, checklists and the migration calendar.

There is still uncertainty about a positive outcome in the negotiations on the EU-UK agreement. Deutsche Börse Group recommends that market participants prepare for all possible scenarios, including a failure of the negotiations, as a precautionary measure.

We will continue to support our clients on each step of this journey, as we have done since the Brexit referendum in 2016.

We support our customers as a strong partner

Deutsche Börse Group monitors and analyses the Brexit process very closely. In addition, we discuss the potential effects of the trade agreement with our customers and participate in discussions with industry associations.

For Deutsche Börse Group, it is of utmost interest that our UK-based clients continue to have access to our infrastructure. Therefore, our business units along our value chain are taking the appropriate measures.

At the same time, we provide support to our clients who plan to relocate their business to the EU during the negotiation phase. We have established a dedicated Brexit Transition Team to ensure member readiness.

In addition, with the Partnership Program of the central counterparty (CCP) Eurex Clearing, Deutsche Börse Group has developed a market-led alternative to the clearing of interest rate swaps within the EU. The programme was designed in close cooperation with market participants (such as trading firms, end customers and trading platforms). It has already expanded to cover the repo segment and will cover other products in the future.

Video: Being constructive in times of uncertainty. The Deutsche Börse and the Brexit challenges.

Brexit: the highlighted parts of the value chain are affected

Deutsche Börse Group is well advanced in its Brexit preparations

Our businesses have post-Brexit solutions. Deutsche Börse Group’s main objective is and remains to create resilient and stable trading and post-trade conditions. And that’s true regardless of the actual outcome of the Brexit process.

Research: Brexit impact on investment banking in Europe

The UK’s withdrawal from the EU will have a significant impact on the financial industry, as London is currently the Union’s main financial centre. According to a recent study by Deutsche Bank, investment banking will be affected in particular by the consequences of Brexit.

Brexit Transition Team: help customers navigate these stormy seas

Deutsche Börse Group set up a dedicated “Brexit Transition Team” which has the main goal to help our clients with the implementation of their Brexit strategy and to ensure a smooth migration to the post-Brexit world.