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UK will remain out of the EU banking union – BoE’s Cunliffe

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Sir Jon Cunliffe, Deputy Governor of the BoE for Financial Stability, expects the UK to remain out of the EU banking union, saying it is undesirable for accountability reasons.

    Cunliffe also added that EU bank resolution is unable to deal with cross border bank failure.
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