June 3, 2020 / 9:02 AM / a month ago

Bank of England warns banks about no-deal Brexit risk - Sky

LONDON, June 3 (Reuters) - Bank of England Governor Andrew Bailey has warned banks about the risk of Britain failing to reach a post-Brexit trade deal with the European Union before a deadline at the end of 2020, Sky News reported on Wednesday.

Bailey held a conference call with Britain’s biggest lenders in which he emphasised that they needed to step up their plans for a no-deal Brexit, Sky said. (Writing by William Schomberg, editing by Andy Bruce)

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