Bank of England governor urges banks to step up no-deal Brexit plans

Industry News | 03/06/20

The governor of the Bank of England (BoE) has told Britain’s biggest lenders to intensify preparations for a “no trade deal” Brexit amid growing signs of deadlock between London and Brussels. Sky News has learnt that Andrew Bailey said during a call with bank chief executives, that they should accelerate planning for the UK ending the transition period at the end of the year without an agreement.

Source: Sky News