From @LiveSquawk | Feb 11, 2020

tweet at 6:36am: BoE’s Deputy Gov Cunliffe: Conceivable That Global Markets In London Will Shift To EU But It Is Not Likely - RTRSCunliffe: Governance of Financial Globalisation Thank you for inviting me to address you today. It is now nearly two weeks since the UK left the European Union. Our status as a non-member of the EU, what is called a ‘third country’, is now quite clear. The future relationship between the UK and the EU, of course, is not yet fixed. It will depend on the outcomes of the negotiation that has now commenced. Those negotiations are for the UK government and the EU authorities and member states. Our job as the Bank of England is to deliver monetary and financial stability within the mandates that are set for us. So I will not – and indeed I could not – talk today about the trade negotiations or hazard guesses about the outcome. But while we are not responsible for trade negotiations and while all decisions about the future relationship are for governments, the governance of the UK’s financial links with the rest of the world, the EU included, is important to us given our responsibility for financial stability in the UK. I want to talk today in part about the governance of financial globalisation, the progress we have made, and the challenges we face. That is a subject that is crucially important to the UK and to the EU, given our integration into the global economy. Financial globalisation – an integrated global capital market and cross-border financial services – mean that our economies can benefit