Bank of England warns of Europe-wide finance risks on Brexit | The Malaysian Insight

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Bank of England warns of Europe-wide finance risks on Brexit

A close-up view of a Brexit-inspired mural by Banksy, showing a worker chipping away at a star on a EU flag, which was painted on the side of a building in Dover, Britain. Brussels and London are furiously trying to steer away from a dreaded 'no-deal' divorce that could wreak havoc on global markets. – EPA pic, March 5, 2019.

EUROPE’S financial system faces “potential risks” to its stability arising from a no-deal Brexit, the Bank of England warned today, as it extended its weekly lending facilities to include euros. With just 24 days to go until Britain is set to leave the European Union, the bank said businesses and households across Britain and the EU were vulnerable.

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