ECB soothes concern over Brexit swap line

Jasper Cox

December 20, 2018 12:30 pm

Carney_PA_230x150 — Bank of England governor Mark Carney leaves Downing Street, London, after a regular meeting as the Prime Minister's official spokeswoman said that Theresa May was "supportive" of Mr Carney remaining at the Bank when his initial five-year term ends in 2018. | Dominic Lipinski/PA Archive/PA Images

The European Central Bank has said that its swap arrangement with the Bank of England, which would help financial firms access liquidity in a foreign currency, would not be affected if the UK leaves the EU with no deal.

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Topics

Derivatives Regulation Derivs - Interest Rate Derivs - Regulation FIG People and Markets Europe Derivs - Clearing and Exchanges Derivs - People and Markets EMEA People and Markets FIG

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Jasper Cox