BoE calls on EU to act on Brexit stability risks

The Bank of England

The Bank of England has increased its calls for the European Union to take action to reduce the risks from Brexit, warning as many as $90 trillion in derivatives contracts could be affected.

Without action from the EU, £69 trillion ($90 trillion) in derivatives contracts will need to be transferred or closed out before Brexit goes ahead in March 2019, says the latest statement by the Financial Policy Committee, published today (October 9).

“Timely action by EU authorities is needed to mitigate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: