UK: PRA's Woods warns on Brexit risks, 5K-10K jobs at risk on day one

Author: Eamonn Sheridan | Category: Central Banks

Sam Woods is deputy governor of the Bank of England, and head of the Prudential Regulation Authority

Speaking in the UK parliament:
  • 5,000 to 10,000 UK finance jobs at risk on Brexit day one
  • Sees slight downward drift in jobs at risk 
  • PRA confident its prepared if transition falls apart

Also comments from FCA's Bailey (Bailey is CEO of the Financial Conduct Authority ):
  • Talks with Eu authorities needed so as to avoid Brexit cliff
  • Eu-UK can have trade deal including financial services

UK /Brexit Headlines via Bloomberg  
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