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UK lawmakers seek view of Brexit contingency risks from central bank regulator

( July 31, 2017, 23:05 GMT | Official Statement) -- MLex Summary: Lawmaker Nicky Morgan, the new chairwoman of the House of Commons Treasury Committee, has asked the Prudential Regulation Authority for details of companies' preparations for Brexit, including under the scenario of no deal being agreed between the UK and EU before Brexit day. She asks the Bank of England's regulatory arm whether the collective execution of those plans poses a risk to UK financial stability, and for its views on the design of possible transitional arrangements.The lettter is attached. ...

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