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No safety net for no-deal Brexit, warns BdE’s Alonso

UK banks should not rely on temporary rule waivers being granted in the event of a disorderly Brexit

Brexit negotiations
Under negotiation: temporary guarantees are not a given, says Alonso

European supervisors will not provide temporary guarantees to UK firms that would allow them to retain access to EU markets in the event of a disorderly Brexit, the deputy governor of the Banco de España has indicated.

The EU and UK hope to agree on the terms of a new relationship by October this year – with a transition period giving firms time to adjust to the new framework once the UK departs

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