Carney criticises EU stance on Brexit issues
Governor describes EBA analysis on banking sector risks as “incomplete”
The governor of the Bank of England, Mark Carney, has criticised the position of key European Union authorities on Brexit and warns time is running out to solve some key issues.
The BoE’s financial stability report, published today (June 27), finds UK firms are prepared for a “disorderly Brexit”, but problems are still unresolved on derivatives contracts. The Financial Policy Committee chose not to increase capital buffers, deeming banks resilient enough to withstand a major shock.
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