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ARTICLE · 06 MAY 2016

Brexit: Ripples On This Side Of The Pond

Miller Thomson
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Sometimes, I sit and wonder if the Clash saw this one coming back in 1981. In recent months, Brexit, that is the possible exit of the United Kingdom ("UK") from the European Union ("EU"), has been making headlines worldwide.

CanadaFinance and Banking
Marco Rodrigues
Marco Rodrigues
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Sometimes, I sit and wonder if the Clash saw this one coming back in 1981. In recent months, Brexit, that is the possible exit of the United Kingdom ("UK") from the European Union ("EU"), has been making headlines worldwide. On June 23, 2016, the UK will hold a historic referendum, the outcome of which will undeniably have an impact on business globally. The question: "Should the UK remain a member of the EU or leave the EU?"

A large majority of participants in the financial services industry have been particularly outspoken about their opposition to a withdrawal. Mark Carney, the esteemed governor of the Bank of England, has equally issued a warning that the forthcoming vote poses a genuine risk to the UK economy. Yet, the opinion polls suggest that the "stay" lead is narrowing. The Brexit poll of the Financial Times has the "stay" campaign ahead of the "leave" campaign by 47% to 41%1. While the referendum question is itself quite simple, gauging the potential

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