BREAKING NEWS

BREAKING NEWS

No-deal Brexit riskiest for financial stability - BoE's Carney

No-deal Brexit riskiest for financial stability - BoE's Carney
FILE PHOTO: The Governor of the Bank of England, Mark Carney arrives at an FT event in London, Britain February 12, 2019. REUTERS/Hannah McKay -
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HANNAH MCKAY(Reuters)
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LONDON (Reuters) - Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal ranked as the riskiest Brexit scenario for the stability of the financial services industry.

"The biggest issue from a financial stability perspective, from a market integrity perspective, from a continuity perspective, is a no-deal scenario by the end of March," Carney said at a news conference.

Brexit is scheduled to take place on March 29 and lawmakers in London have yet to approve a deal that would smooth Britain's departure from the EU, leaving open the prospect of a disorderly departure or a delay.

(Reporting by David Milliken and Huw Jones, Writing by Andy Bruce; Editing by William Schomberg)

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