Andrew Bailey on banks in a Brexit:
- London has no 'God-give' right to remain top banking centre in event of Brexit
- EU banking 'passport' matters a lot to foreign banks in UK
- Foreign banks have 'optionality' on where they do business
- Having daily conversations with banks over coping with potential Brexit
- Has contingency pans for sterling foreign currency liquidity for banks
- UK banks for more resilient than during financial crisis
There's nothing as inflammatory as Carney's recession warning last week but there's a clear, cohesive campaign to stoke as much fear as possible ahead of the vote.
