The Governor of the Bank of England (BoE), Andrew Bailey, delivered his comments on the state of the economy and political prospects at the Treasury Select Committee hearing.
Featured statements:
“It is noteworthy that the EU location policy for financial institutions appears to be surfacing.”
“The EU location policy for financial services is controversial, of dubious legality“.
“We would be concerned from a financial stability perspective if the EU tried to force the institutions to locate some operations in the EU.”
“The Erosion of the stability of the global compensation system would be a concern“.
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