Mr Lewis said that the consequences of a no-deal Brexit scenario could mean prolonged disruption to the smooth functioning of Europe’s capital markets, which would affect investors, borrowers and savers across Europe and beyond.
Commenting on the UK Government’s paper outlining preparations for the financial services industry in the event of a no-deal Brexit scenario, Simon Lewis, Chief Executive, said: “The financial services industry is keen to see both negotiating parties agree on a deal which locks in an agreement on a transition period and the future trading relationship in order to minimise the risks to financial stability.”
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