Brexit will not be a 'Lehman moment': UBS

Singapore

THERE is a lot to lose should the United Kingdom (UK) leave the European Union, but it will not be a "Lehman moment", said UBS analysts.

They are expecting Britain to remain in the EU, but see a "one-third or a one-quarter probability" of an exit. The London-based analysts, however, said that should the shock exit occur, policymakers around the world have made safeguards to prevent it from rattling markets.