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Lawmaker Asks Regulators For 'Frank' Report On Brexit Plan

Law360, London (October 11, 2018, 5:01 PM BST) -- A senior lawmaker told the Financial Conduct Authority and Bank of England on Thursday to provide Parliament with a "full and frank assessment" of the impact Britain’s proposed Brexit withdrawal agreement is expected to have on businesses, as companies begin to execute plans for a “no-deal” departure from the bloc.

Nicky Morgan, chairwoman of the Treasury Committee, has written to the City watchdog and the BOE to tell them what her committee wants from their analysis of the effects of Britain's departure from the European Union. She has told the authorities to set out what the withdrawal agreement will mean for...

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