Brexit spurs rethink of political risk at global banks

Some banks are reserving capital against political risks, such as Brexit

risk-0716-political-risk-web
Knock-on effect: the long-term implications of Brexit are tough to pin down

Advocates of Britain exiting the European Union – or Brexit as it is known – have made a habit of dismissing warnings about the economic risks of such a move. Bank of England governor Mark Carney drew the ire of eurosceptics when, on March 8, he described Brexit as "the biggest domestic risk to financial stability" facing the UK. When he told reporters on May 12 that "a vote to leave the EU could have material economic effects – on the exchange rate, on demand and on the economy's supply

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here