Dombrovskis said supervisors and firms needed to look separately at each contract, but added that at this stage he did not foresee a generalised problem. Valdis Dombrovskis , vice president of the European Commission , has said Brexit is " unlikely " to have any impact on existing financial contracts , such as derivatives or insurance . The Bank of England had previously expressed concern about the impact of Brexit on £ 82bn ( $ 1 ) of insurance liabilities and derivatives notionally worth around £ billion . Dombrovskis said for the moment he did not see any issues , but added businesses needed to look " separately at each contract " .
Valdis Dombrovskis , vice president of the European Commission , has said Brexit is " unlikely " to have any impact on existing financial contracts , such as derivatives or insurance . The Bank of England had previously expressed concern about the impact of Brexit on £ 82bn ( $ 1 ) of insurance liabilities and derivatives notionally worth around £ billion . Dombrovskis said for the moment he did not see any issues , but added businesses needed to look " separately at each contract " .