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Bank of England's Brazier says central bank has prepared lenders for any Brexit shock: The Times

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The Bank of England has prepared lenders for any shock from Britain's departure from the European Union, Alex Brazier, the BoE's executive director for financial stability told the Times newspaper.

[LONDON] The Bank of England has prepared lenders for any shock from Britain's departure from the European Union, Alex Brazier, the BoE's executive director for financial stability told the Times newspaper.

"The financial system will not come crashing down after we leave the EU", Mr Brazier told the newspaper, adding that the imminent change of governor at the BoE will not derail the central bank.

The current BoE governor, Mark Carney, is due to stand down at the end of January 2020. His successor will be formally chosen by the finance minister, Sajid Javid.

REUTERS

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