David Bailey, Bank of England
Ever since the Brexit vote in 2016, European banks have been wondering whether trading books might end up being almost entirely split between the European Union and the UK after the country left the single market. The Bank of England has now reassured them that their global booking models were safe, provided they can demonstrate that any risks to the UK’s financial stability are subject to proper controls.
“We recognise that international firms in many cases operate global booking and risk
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