BoE sees few Brexit-related financial stability risks

LONDON, Oct 8 (Reuters) - Financial stability is unlikely to be endangered if Britain and the European Union do not reach a post-Brexit trade deal before the end of the year, though some customers may face disruption, the Bank of England said on Thursday.

“Most risks to UK financial stability that could arise from disruption to the provision of cross-border financial services at the end of the transition period have been mitigated,” the BoE’s Financial Policy Committee said in a quarterly update.

“Some market volatility and disruption to financial services, particularly to EU-based clients, could arise,” it added. (Reporting by David Milliken, editing by Andy Bruce)


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