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

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines