Friday, 11 Dec 2020 08:16 PM MYT
Governor Andrew Bailey said the central bank had done all it could to mitigate risks from a no-deal departure from the EU on December 31, and it was ready to deal with any disruptions to financial markets. Market disruptions would not threaten financial stability, but Bailey warned that some EU customers might be unable to access British financial services because the EU had not taken mitigating action.Market volatility could be reinforced by some derivative users not being fully ready to trade with EU counterparties or on EU-recognised trading venues, the BoE said.
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