BoE Governor Mark Carney testified in the parliament today on the Brexit economic analysis today. Carney said the worst-case scenarios were “low-probability events in the context of Brexit” that BoE has to prepare the banking system for. But he also said “we’re already sleeping soundly at night, because we have the financial sector, the core of the financial sector, in a position that it needs to be for a tough scenario.”
Carney also defended the analysis and said “There’s no exam crisis. We didn’t just stay up all night and write a letter to the Treasury Committee. And, “You asked for something that we had, and we brought it, and we gave it to you.”
