The ILF together with Deloitte hosted an evening lecture on the EU’s hot topic “Brexit: Very First Thoughts for the Financial Services Industry on Economy, Strategy and Law” on 3 November 2016 at the ILF of Goethe University Frankfurt.
The welcoming remarks addressed to the more than 140 participants were made by Dr. Rolf Friedewald, Managing Director of the ILF.This was then followed by Dr. Bernd Neubacher, Editor at the financial daily newspaper Börsen-Zeitung, who kicked-off the lecture by introducing the speakers to the audience.
The first presentation on "What will follow after Brexit? Strategic scenarios" was held by Dr. Florian Klein, Head of Center for the Long View of Deloitte Germany, a dedicated unit for scenario planning within Deloitte’s strategy consulting branch. Dr. Klein, who forms part of Deloitte’s international Brexit Task Force, drew four possible scenarios of the German economy after Brexit in the year 2024. Dr. Alexander Börsch, Head of Research and Chief Economist of Deloitte Germany and also a member of Deloitte’s international Brexit Task Force, presented an analysis of the recent and future economical effects of Brexit in his speech “The economic impacts and risks of Brexit on Germany”. He was followed by Priv.-Doz. Dr. Alexander Thiele, Substitute Professor for European, Public and Financial Law at the Georg-August-University in Göttingen, whose main areas of research lie in the field of European financial supervision and central-banking law. He was focusing on the legal aspects of Brexit in his talk “Background and framework of the right to withdraw – Art. 50 and its alternatives”.
The last lecture of the day was held by a further member of Deloitte’s international Brexit Task Force and main initiator of the evening, Dr. Mathias Hanten, Partner and Head of FSI Legal of Deloitte Legal Germany, on “Brexit impacts on financial services: UK as a third country and the future of the European passports”.
The lectures continued with a vivid panel discussion by the former speakers and was chaired by Dr. Bend Neubacher. Finally, the evening came to a close with a reception with drinks and snacks held for all speakers and participants.