Bank of England eases liquidity system as Brexit transition deal looms

LONDON (Reuters) – The Bank of England said it will ease its liquidity monitoring system put in place in case Britain left the European Union without a transition deal.

“The likelihood that the UK leaves the EU without a Withdrawal Agreement now appears very low,” the BoE’s Prudential (LON:) Regulation Authority said in a letter to banks on Thursday.

“Therefore, the PRA no longer considers the bespoke risk appetite to be required.”

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