UK banks could support economy in 'disorderly Brexit'
Britain flag
London - Muslimchronicle
Britain's lenders are capable of supporting the economy through a "disorderly" Brexit, the Bank of England said Tuesday, as the sector passed its latest round of stress tests.
"The stress-test scenario ... encompasses a wide range of UK macroeconomic risks that could be associated with Brexit. As a result, the FPC judges the UK banking system could continue to support the real economy through a disorderly Brexit," read a statement from the BoE's Financial Policy Committee.
Source: AFP
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