Carney’s speech: Material risks of economic disruption remain from no-deal Brexit


The Bank of England (BOE) Mark Carney is on the wires now, via Reuters, making a scheduled speech at a press conference following the release of the central bank’s Financial Stability Report (FSR).

Key Quotes:

Material risks of economic disruption remain from no-deal Brexit.

UK financial system is ready for Brexit, whatever form it takes.

FPC is prepared to cut counter-cyclical capital buffer in case of major shock.

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