Carney says UK prepared for multiple Brexit outcomes
The BoE’s stress tests have become more rigorous amid rising concerns of possible Brexit scenarios
The Bank of England and the UK’s largest banks are well prepared for a wide range of potential Brexit outcomes, Mark Carney said in a speech at the Central Bank of Ireland on Friday.
“We have used our stress test to ensure that the largest UK banks can continue to meet the needs of UK households and businesses even through a disorderly Brexit, however unlikely that may be,” the BoE governor said. “Our job, after all, is not to hope for the best, but to plan for the worst.”
The BoE runs annual
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