Bank of England warns of possible disruptions to UK’s financial system after Brexit ...News

Russia Today - Economy

The Bank of England said on Friday that the UK's banking system remains resilient to a wide range of possible economic outcomes due to Brexit but the end of transition period on 31 December might bring disruptions. According to a report by the bank’s Financial Policy Committee (FPC), most risks to financial stability have been mitigated. It said, however, that “Financial stability is not the same as market stability or the avoidance of any disruption to users of financial services. Some market volatility and disruption to financial services, particularly to EU-based clients, could arise.” The report added that despite preparations for

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Bank of England warns of possible disruptions to UK’s financial system after Brexit ...News

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