Sweat and tears: regulators fire out no-deal Brexit plans

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By Jasper Cox
22 Mar 2019

As the UK hurtles towards departure from the EU with no Brexit resolution in sight, the risk of the country leaving without a deal is ramping up. Regulators on both sides of the Channel have been preparing for the worst outcome.

Central banks have been planning for any liquidity shortage in the event of a no-deal Brexit, with the UK banking sector making use of the Bank of England’s foreign-currency swap arrangements for the first time since the financial crisis.

“I think the cliff edge has been eroded,” said James ...

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