Nordea and Brexit preparations
The United Kingdom left the European Union on 31 January 2020. The exit began a transition period that is running until the end of 2020. During this period the UK will continue to be part of the internal market and the customs union and most practical matters will continue as before.
An agreement on the future trade relationship between the EU and the UK has been reached, aimed to take effect from January 2021. We welcome the agreement and hope it will be ratified in time so that Europe will avoid a no-deal Brexit.
- Nordea’s home market covers Denmark, Finland, Norway and Sweden. The UK is a major trading partner for all these countries. It´s therefore of great importance for the Nordic economies that Brexit does not result in creating any major trade barriers between the EU countries and the UK.
- Nordea considers the UK an important pool of financial expertise and capital for the European economy and we would want to ensure access to it also in the future.
- We aim with our Brexit preparations to minimize any future customer impact.