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MercoPress, en Español

Montevideo, November 5th 2024 - 23:25 UTC

Tag: Sir Jon Cunliffe BoE

  • Friday, October 19th 2018 - 06:27 UTC

    “UK has done all it can”, to cushion a no-deal Brexit for the financial sector, says BoE

    Sir Jon Cunliffe suggested British authorities had made significant efforts through the likes of banking stress to prepare the financial sector for a cliff-edge exit

    The United Kingdom has done “all it can” unilaterally to cushion the blow of a no-deal Brexit for banks and financial firms, a Bank of England deputy governor has said. Sir Jon Cunliffe seemed to place the ball firmly back in the EU’s court, after suggesting that British authorities had made significant efforts through the likes of banking stress tests and a temporary permissions regime to prepare the financial sector for a cliff-edge exit.