Bank Monetary Policy Committee and Risk

financial markets: They said the referendum was the largest immediate risk facing British financial markets, repeating previous language about the vote but this time they said markets and economies around the world could be at risk too, according to Euro News. Through financial market and confidence channels, there are also risks of adverse spill-overs to the global economy, minutes of the June 15 meeting of the Bank Monetary Policy Committee said. The BoE monetary policymakers also discussed the Bank contingency plans to protect the banking system in the event of an Out vote, including closer supervision of banks to make sure they have access to the liquidity they need. Billions of dollars have been wiped off global stock markets in the run-up to the June 23 referendum and yields on government bonds in several countries have hit record lows. Carney has said the Bank has a duty to spell out what is likely to happen to the economy. Bank of England Governor Mark Carney has faced increasingly hostile criticism from supporters of a British exit from the EU who accuse him and the Bank of making unnecessary warnings about the risk of a hit to the economy from a Brexit vote. (news.financializer.com). As reported in the news.