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BoE says British banks ready for no-deal Brexit, trade war

British banks hold enough capital to cope with a no-deal Brexit and a global trade war simultaneously, the Bank of England said on Thursday, although a disruptive Brexit would still cause major turbulence for financial markets and the economy.

BoE says British banks ready for no-deal Brexit, trade war
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  • Shared by KYC360
  • July 12, 2019
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Bank of England Governor Mark Carney also flagged ongoing concerns about illiquid investment funds, liquidity shocks, crypto-currencies and environmental dangers at a half-yearly update on the risks facing Britain’s banking system.

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