BOE’s Woods says 75000 financial sector job losses post-Brexit is plausible

BOE’s Woods and Cunliffe appearing before UK Upper House committee 1 Nov

Subject: Financial regulation and supervision following Brexit

Witness(es):

Sir Jon Cunliffe, Deputy Governor for Financial Stability, Bank of England, Bank of England

Mr Sam Woods, Deputy Governor for Prudential Regulation and Head of the Prudential Regulatory Authority (PRA) , Bank of England, Prudential Regulation Authority

The comment comes in reply to questions following the BBC story I posted here Monday

  • figure of 65-75k job losses is not a BOE  number but from consultants Oliver Wyman

Watch it live here  but we should expect little on mon pol per se, more regulatory. Article Source

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