Скачать или смотреть Is European financial system ready for Brexit?

Next week the United Kingdom will be formally out of the European Union and it starts a complex time to exit. Do you think the European financial system is ready for that? Are you worried in some way for that?

President Lagarde: You know, it's one of the questions that I have asked the teams; what happens when Brexit happens? Are we all ready? Have we taken all the steps that we had to take? Have we alerted sufficiently the private sector operators to themselves take the right measures? My assessment today is that, yes, we have. Just to remind you, back in March of 2019, we activated swap lines with the Bank of England to make sure that on both sides of the Channel, there would be enough euros and sterling so that operations could continue in a smooth manner despite the implementation of Brexit. We have alerted and reminded the banks of all the necessary measures that they have to take in order to be in a good position to continue to operate irrespective of Brexit. We have good reason to believe that this is so. Don't forget that there was this high-level working group between the Bank of England and the ECB at the level of both President and Governor in order to make sure that they had checked all the boxes and covered the potential risks. You never know. There can always be a risk somewhere, but I think that in good conscience, we have looked at everything that we thought was necessary.

ECB President Christine Lagarde explained the Governing Council’s latest monetary policy decisions and answered questions from journalists at a press conference on 23 January 2020.