Carney Urges Caution as Banks Threaten to Relocate on Brexit

Updated on
  • Firms should wait before committing to hard decisions, he says
  • Says a lengthy transition period is in everyone’s interests
Photographer: Chris Ratcliffe/Bloomberg

Bank of England Governor Mark Carney urged financial services firms not to make any rash decisions on moving operations out of the U.K. as a European Central Bank official revealed many have already been in touch on the matter.

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