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LONDON, Oct 8 (Reuters) - Financial stability is unlikely to
be endangered if Britain and the European Union do not reach a
post-Brexit trade deal before the end of the year, though some
customers may face disruption, the Bank of England said on
Thursday.
"Most risks to UK financial stability that could arise from
disruption to the provision of cross-border financial services
at the end of the transition period have been mitigated," the
BoE's Financial Policy Committee said in a quarterly update.
"Some market volatility and disruption to financial
services, particularly to EU-based clients, could arise," it
added.
(Reporting by David Milliken, editing by Andy Bruce)
