BoE’s Cunliffe: BoE ready to act on Brexit banking risks - Sky

"The Bank of England is taking a close look at financial institutions' plans to handle Britain's departure from the European Union," BoE Deputy Governor Jon Cunliffe told Sky News in an interview on Wednesday, as per Reuters reports.

Key quotes (via Reuters):

• We are monitoring the plans of the financial institutions in the UK, their plans for how they are going to deal with Brexit.
• We are also monitoring the plans of all of the European Union firms that operate in the UK,
• If we start to see financial stability risks coming out of those plans ... then we will take action