Brexit will be ‘litmus test’ for global system – Carney

Bank of England governor Mark Carney

The governor of the Bank of England (BoE) has said the outcome of the UK government’s Brexit negotiations with the European Union will be a “litmus test” for responsible financial globalisation.

Mark Carney reiterated the role London has played within the global financial system, taking note of the central bank’s part in enforcing “efficient resilience” and stability, when addressing an audience in the UK’s capital today (April 7).

“The global financial system is at a fork in the road,” Carney