[9th Reuters]-Director Brazier (Financial Stabilization) of the Bank of England (UK Central Bank) responded to the Times of the UK newspaper and the Bank of England to respond to any shocks associated with the UK's withdrawal from the European Union (EU). He said he was preparing for the institution.
“The financial system will not collapse after Britain leaves the EU,” said Brazier. He said the central bank administration would not be shaken even if the central bank governor changed early next year.
UK central bank Kearney will retire at the end of January 2020. The successor will be formally selected by Mr. Javid.