Economics

Insisting It’s Ready for Brexit, ECB Urges Banks to Fulfill Plans

President Lagarde anticipates Brexit with ‘great regret’
ECB subscribed capital will remain steady after Brexit happens

A pedestrian exits an underground station next to the Bank of England in the City of London.Photographer: Chris Ratcliffe/Bloomberg

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By Piotr Skolimowski

January 30, 2020 at 3:20 PM UTC

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The European Central Bank said it’s closely monitoring financial markets and is ready for all contingencies from Brexit, in a statement of reassurance on the eve of Britain’s final departure from the European Union.