BOE's Carney Sees Low Probability of Worst-Case Brexit Scenarios

The video discusses potential economic outcomes based on assumptions and macro models, focusing on the Financial Policy Committee's role in assessing tail risk scenarios. It highlights stress testing in the context of a disorderly Brexit and evaluates the probability of various Brexit scenarios, emphasizing the resilience of the UK banking system.

How does the UK banking system prepare for worst-case Brexit scenarios?

What factors contribute to the low probability of multiple adverse events occurring simultaneously during Brexit?