BOE's Carney Says Odds of No-Deal, Disorderly Brexit Have Fallen

The transcript discusses the risks associated with a disorderly Brexit, emphasizing the importance of preparing for worst-case scenarios. Although the probability of a no-deal Brexit has decreased due to recent election results, the financial system must remain ready to support ongoing negotiations. The focus is on ensuring that the financial system acts as a buffer rather than a constraint.

What are the worst case scenarios mentioned regarding Brexit?

How has the probability of a no deal disorderly Brexit changed?

What is meant by 'tail risk' in the context of the Brexit discussion?

What measures are being taken to ensure the financial system is prepared for Brexit?

What expectations do people have regarding the readiness of the financial system during Brexit negotiations?