BoE says British banks ready for no-deal Brexit, trade war
Disruptive Brexit would still cause major turbulence for financial markets and the economy, says Bank of England governor
11 July 2019 - 17:27
London — British banks hold enough capital to cope with a no-deal Brexit and a global trade war simultaneously, the Bank of England says, although a disruptive Brexit would still cause major turbulence for financial markets and the economy.
Bank of England governor Mark Carney also flagged concerns about illiquid investment funds, liquidity shocks, crypto-currencies and environmental dangers at a half-yearly update on the risks facing Britain’s banking system...
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