UK watchdog tells markets: be ready in case of no-deal Brexit

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UK watchdog tells markets: be ready in case of...
 © CyprusMail 2020
Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior UK regulator said on Thursday.

Britain leaves the EU next week, followed by a “business as usual” transition that ends in December. Britain and the EU will formally begin trade talks in coming weeks.

“Firms still need to ensure they are prepared for a range of scenarios that may happen at the end of 2020,” said Nausicaa Delfas, executive director of international at the Financial Conduct Authority.

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This article was automatically added to our system 23-1-2020

UK watchdog tells markets: be ready in case of no-deal Brexit


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