BOE FPC: UK faces challenging period of ‘uncertainty and adjustment’ after Brexit

Bank of England (BOE) Financial Policy Committee (FPC) published the latest statement from its meeting, highlighting challenges faced post-Brexit vote.

Headlines from the statement:

UK faces "challenging period of uncertainty and adjustment" after brexit vote

UK financial regulation will need to be at least as robust as currently planned, regardless of future relations with EU

Planned closure of 'help to buy' mortgage guarantee scheme at end of 2016 unlikely to affect lending

Risks to UK commercial real estate are crystallizing, transactions lowest since 2009

Latest stress test results to be published in November