Brexit Creates a Game of Risk for European Banks

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A hard Brexit represents a potential shock to the international financial system and has both direct and indirect consequences for the United Kingdom’s economy

While the government of Theresa May seeks to restart negotiations with the European Union on December 5, time is marching on.

Aki 3cThis is important as risk managers are looking at their watches and are increasingly concerned about London’s inability to come forward with a credible Brexit bill in the eyes of Europeans.

The result could be a hard Brexit, with a “cliff edge,” in which the United Kingdom and…

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