Mike had this report here: BOE Financial Policy Committee Minutes from 20 Sept meeting
Check it out for more on this "substantial risk of Brexit disruption"
Reuters, too, have a summary piece up:
- Brexit poses risks to the ability of British companies to borrow from European banks and to some clearing activity which might have to relocate from London once Britain leaves the EU, the Bank of England said on Tuesday.
- Banks from the bloc and other associated countries accounted for around 10 percent of lending to British companies
- Currently, those banks can operate as branches but they might have to upgrade to fully fledged subsidiaries after Brexit, a process that could take many months.
