UK central bank warns of disruptions to financial system after Brexit

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LONDON: The Bank of England has said that the UK’s banking system remains resilient to a wide range of possible economic outcomes due to Brexit but the end of transition period on 31 December might bring disruptions. According to a report by the bank’s Financial Policy Committee (FPC), most risks to financial stability have been mitigated. It said, however, that “Financial stability is not the same as market stability or the avoidance of any disruption to users of financial services. TLTP