Carney warns on ‘uncomfortable’ Brexit compromise
Governor fears some Brexit outcomes could restrict the BoE’s regulatory options
Bank of England governor Mark Carney warned today (December 4) the UK might become trapped as “rule-taker” in some possible Brexit outcomes, which could put financial stability under threat.
Considerable uncertainty remains over the final shape of the Brexit deal, but the UK could end up agreeing to follow at least some European regulation with little or no say in its design.
“We would be uncomfortable not having some flexibility to ensure [the UK financial system] is appropriately regulated
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