BoE warns asset management 'fragmentation' could harm UK's financial resilience post-Brexit

Financial Stability Report identifies risks posed by China; likely repricing to come

The Bank of England has warned "fragmentation" of asset management functions split between the EU and the UK post-Brexit could hit the UK's financial diversification and resilience, in this morning's Financial Stability Report.

In the report, the Bank said that the reduced ability to delegate asset management services from the UK across EU borders could see an increased reliance on the banking sector, particularly if "no deal"...