Central Banks to Act in Case of No-Deal Brexit: Goldman's Gnodde

The transcript discusses the potential impacts of a no deal Brexit on markets, emphasizing the readiness of authorities on both sides of the channel. It highlights the importance of the first two weeks in November in setting the tone for market confidence. The role of central banks and governments in providing liquidity and support is noted. Additionally, Goldman Sachs' preparations for increased market volatility, including 24-hour staffing, are detailed.

What is one of the reasons mentioned for the potential market impact of a no deal Brexit?

• Increased trade tariffs

• Political stability

• Economic growth

• Negative interest rates

What is the significance of the first two weeks of November in the context of a no deal Brexit?

• They will set the tone for market confidence.

• They will finalize trade agreements.

• They will initiate new government regulations.

• They will determine the long-term economic policies.

How are central banks expected to respond in the event of a no deal Brexit?

• By increasing interest rates

• By implementing new taxes

• By providing liquidity

• By reducing government spending

What is one of the preparations Goldman Sachs is making for a no deal Brexit?

• Increasing office hours

• Closing international branches

• Reducing staff numbers

• Fully staffing for 24-hour operations

How long will Goldman Sachs maintain its staffing levels during a no deal Brexit event?

• As long as necessary

• For one week

• For one month

• Until the end of the year