TIME IS UP- BOE's Deadline For Banks To Submit Their Brexit Plans Passes …

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On 7 April, the Bank of England gave financial firms a hard deadline of 14 July for submitting their contingency plans for Brexit, which passed last Friday
United Kingdom Finance and Banking

On 7 April, the Bank of England gave financial firms a hard deadline of 14 July for submitting their contingency plans for Brexit, which passed last Friday.

These plans were required to contemplate a variety of scenarios including the prospect of a "hard Brexit", which as the UK and EU governments continue along the path of tough Brexit negotiations, probably makes the Banks wish they possessed a crystal ball...

For more information please see our previous blog here.

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