• Bank of England says in the unlikely event that Britain's withdrawal agreement with EU is not ratified, this provides confidence that a back-stop will be available

Market news

28 March 2018

Bank of England says in the unlikely event that Britain's withdrawal agreement with EU is not ratified, this provides confidence that a back-stop will be available

  • Has made clear to relevant firms in a letter that they may plan on the assumption that UK authorisation or recognition will only be needed by the end of the implementation period

  • Reasonable for financial services firms to plan that they will be able to continue undertaking activities during the implementation period in much the same way as now

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