Carney warns Germany and France of Brexit derivatives cliff edge

Bank of England governor says it is in “interest” of EU countries to ensure full viability of financial contacts ahead of Brexit

Mark Carney
Mark Carney warns of unnecessary stress to European financial system

The failure of Germany and France to amend rules related to the treatment of some over-the-counter derivatives contracts ahead of the UK’s exit from the European Union could cause unnecessary stress to the European financial system, warns Mark Carney, governor of the Bank of England. He calls on European lawmakers to address the matter before October 31.

The UK central bank – which has micro- and macroprudential oversight of the UK financial system, as well as resolution responsibilities for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: