1. Hello Guest Click here to check FX Binary Point Financial Directory

ECB asks Eurozone banks to detail Brexit contingency plans

Discussion in 'Fundamental Analysis' started by ForexLive, May 10, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Reuters sources report The ECB asked banks to detail how they would deal with a shock to markets and changes they may have to make to their business models. The story has one interesting note, citing a banking consultant at Accenture. He said most banks were vetting and hedging trading positions to avoid losses. That will lead to a slow unwind after the vote that will put a big under GBP, perhaps more than is priced in now.

    Continue reading...

Share This Page