Bailey: BoE cannot prevent all Brexit disruption to financial services

Cross-border risks persist

Mike Sheen
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Governor of the Bank of England Andrew Bailey
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Governor of the Bank of England Andrew Bailey

The Bank of England (BoE) is unable to prevent all disruption to financial services caused by the end of the Brexit transition period, despite considerable efforts to mitigate the impact, the bank's governor Andrew Bailey has warned.

In his opening remarks to the BoE's Financial Stability Report, published on Friday (11 December), Bailey said that while "most risks" to financial stability that could arise from disruption to cross-border...

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