UK warns EU - No-deal Brexit creates high risk of disruption to banks: Sky News

The sun sets behind the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson - Copyright SIMON DAWSON(Reuters)

By Reuters

Published on 11/12/2018 - 20:34•Updated 25/04/2024 - 10:03

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LONDON (Reuters) - British officials are warning European Union member states that a no-deal Brexit creates a high risk of financial disruption to banks, Sky News reported on Tuesday, citing unnamed sources.

Prime Minister Theresa May is trying to secure further assurances that the Northern Irish backstop, a way to ensure there is no hard border on the island of Ireland, would be only temporary, to win over lawmakers to her deal.