Jul
31
Treasury Committee’s Morgan Pushes BOE on Brexit Transition View
By-
PRA Chief Woods asked to share assessment of banks’ readiness
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Getting transition right is crucial for London, Morgan says
Nicky Morgan, chair of the U.K. Parliament’s Treasury Committee, asked Bank of England Deputy Governor Sam Woods to weigh in on the sort of transition plan that will be needed as the U.K. withdraws from the European Union.
Morgan asked Woods, head of the BOE’s Prudential Regulation Authority, about the desirability and design of a transition period, including a “bridging period” to cover the time between the end of exit negotiations and the start of the U.K.’s new economic relationship with the bloc…
Treasury Committee’s Morgan Pushes BOE on Brexit Transition View
