01.16.19
McHenry Asks Fed for Brexit Fallout Update
by: Patrick Temple-West
Rep. Patrick McHenry (R-NC), the ranking Republican on the House Financial Services Committee, has asked financial regulatory agencies for an update on how a no-deal Brexit could disrupt markets. In letters to the agencies, McHenry asked how the regulators plan to mitigate risks stemming from the vote Tuesday in which British lawmakers voted overwhelmingly to reject UK Prime Minister Theresa May's Brexit deal. “A no-deal Brexit could be disruptive,” McHenry said. “A number of outcomes surrounding Brexit could trigger distress.”
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