Fifteen of the leading players in the payments industry have come together to form the Brexit Council, which will be hosted by the Lafferty financial industry research firm.
The Council will address the impact of Brexit on financial institutions in the cards, payments and retail banking sectors, the timing of the institutional process, EU regulations and directives, alternative Brexit models, passports and licensing, and intellectual property and trademarks.
“The participants understand the relevance of these areas, some at different levels of depth, so a complete overview and detailed commentaries can be of benefit to all. By sharing knowledge and perspectives, council members will be able to gain a broad understanding of the Brexit process and mitigate some of the uncertainty, possibly even looking at Brexit as a chance to define business models with new degrees of freedom,” said Ugo Bechis, co-chairman of the council.
The Brexit Council is being co-chaired by independent payments expert Ugo Bechis and Lafferty executive chairman Michael Lafferty, and is advised by UK law firms Clifford Chance and Olswang.
The inaugural meeting will take place in London on 30-31 January. The council will meet quarterly, and will provide a monthly web talk and newsletter for members.
More detail about the Brexit Council can be found online at http://brexitcouncil.com