April 2, 2019 / 6:13 AM / 5 months ago

Europe's financial sector prepared for no-deal Brexit -head of Bank of France

PARIS, April 2 (Reuters) - All preparations have been made to protect Europe’s financial sector in case Britain leaves the European Union without a Brexit divorce deal, said Bank of France governor Francois Villeroy de Galhau on Tuesday.

British lawmakers failed on Monday to resolve chaos around Britain’s EU departure, leaving the future direction of Brexit mired in confusion.

“We have made all preparations at the European and national levels, including in case of a no-deal exit, to ensure that contracts continue to be honored and financial sector clients are protected,” Villeroy said on France Inter radio. (Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta)

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