Bank of England prepares for the UK's withdrawal
Are you preparing for the UK’s withdrawal from the EU? The Bank of England is, including all possible scenarios. The latest from the BoE is regarding their plans for the event that the UK’s Withdrawal Agreement with the EU does not take effect, and the UK withdraws without an agreement on March 29th. The BoE and the FCA have been coordinating closely, here’s what they say:
The bank’s intention is to provide a “-broad transitional relief-” for the regulatory obligations of the banks under it’s supervision without a clear agreement with the EU.