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London banks braced for fallout of no-deal Brexit


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December 13, 2020
LONDON: Bankers in London are awaiting the fallout that Brexit may bring, but have largely already factored in the worries of a no-deal in their planning.
The banks have been moving significant numbers of jobs and offices out of London for years, although there is little evidence of the exodus that some were expecting.
“We’ve been working since the referendum in 2016 to prepare the financial system for a range of possible outcomes, but obviously focusing particularly on what we call the no-deal exit, because that has the most implications,” Bank of England governor Andrew Bailey said on Friday. ....

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London banks braced for no-deal Brexit


Bankers in London are awaiting the fallout that Brexit may bring, but have largely already factored in the worries of a no-deal in their planning.
The banks have been moving significant numbers of jobs and offices out of London for years, although there is little evidence of the exodus that some were expecting.
“We’ve been working since the referendum in 2016 to prepare the financial system for a range of possible outcomes, but obviously focusing particularly on what we call the no-deal exit, because that has the most implications,” Bank of England governor Andrew Bailey said on Friday.
The central bank has found that most risks to the UK’s financial stability from no deal had already been mitigated, but still said there could be “some disruption to financial services”. ....

United States , France General , United Kingdom , City Of , Landesbank Hessen Thuringen Girozentrale , Andrew Bailey , Andreas Gunther , Morgan Stanley , Credit Suisse , Goldman Sachs , Natwest Group , Deutsche Bank , Financial Times , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் ஜநரல் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஆண்ட்ரூ பெய்லி , ஆண்ட்ரியாஸ் குந்தர் , மோர்கன் ஸ்டான்லி , கடன் ஸ்யூயி , கோல்ட்மேன் சாக்ஸ் , டாய்ச் வங்கி , நிதி முறை ,