Europe’s banking sector faces serious problems if the UK leaves the European Union without an agreement on access to the single market and the customs union, the European Banking Authority says.
“The Brexit negotiations continue to be a source of political risk for the EU financial market as a cliff-edge scenario could lead to substantial disturbances for the European banking sector,” the EBA says in its tenth risk assessment of the sector.
In June 2017, banks from EU countries still had consi
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