EU watchdog sees no imminent banking risks from no-deal Brexit
27 Mar 2019

Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for handling failing lenders said on Tuesday.

The reassuring message came as Britain grapples with its worst political crisis in decades ahead of an April 12 deadline to secure a deal to leave the European Union.

“There will be volatility, but given the level of preparations, I hope and I am convinced there should be no imminent risks to financial stability” in the event of a no-deal Brexit, Elke Koenig, the head of the Single Resolution Board (SRB), told a news conference.

By Francesco Guarascio, Reuters, 26 March 2019

Link to Reuters

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