BOE's Carney Says Odds of No-Deal, Disorderly Brexit Have Fallen

The transcript discusses the risks associated with a disorderly Brexit, emphasizing the importance of preparing for worst-case scenarios. Although the probability of a no-deal Brexit has decreased due to recent election results, the financial system must remain ready to support ongoing negotiations. The focus is on ensuring that the financial system acts as a buffer rather than a constraint.

What is the primary focus of the organization when considering a disorderly Brexit?

• To reduce financial regulations

• To ensure a smooth transition

• To negotiate trade deals

• To assess worst-case scenarios

How have recent election results affected the probability of a no-deal Brexit?

• Eliminated the possibility

• Had no impact

• Decreased the probability

• Increased the probability

Despite the reduced likelihood, what remains unchanged regarding the risks of a no-deal Brexit?

• The risks themselves

• The government's intentions

• The financial system's constraints

• The election results

What is the organization's role in relation to the financial system during Brexit negotiations?

• To form a constraint

• To act as a buffer

• To halt negotiations

• To increase risks

What is emphasized as crucial for the financial system in the context of Brexit?

• Increasing negotiation constraints

• Ensuring system readiness

• Reducing financial buffers

• Eliminating all risks