Close

ECB ready to manage financial impact of Brexit vote: official

June 24, 2016 6:00 AM EDT

Television screens are seen at the Madrid stock exchange which plummeted after Britain voted to leave the European Union in the Brexit referendum, in Madrid, Spain, June 24, 2016. REUTERS/Andrea Comas

ROME (Reuters) - The European Central Bank is ready to manage impact on financial markets and the banking system of the British vote to leave the European Union, a senior ECB official said on Friday.

"The ECB is ready, today everyone is in place and there will be instructions from the governing council," Ignazio Angeloni, a member of the ECB's supervisory board, said at a conference in Rome.

He added that the fact that attempts to create a banking union in the EU had not been completed, leaving a "half-baked cake", was an added element of risk in the wake of the British decision.

Global financial markets plunged after referendum results showed a near 52-48 percent split for leaving.

(Reporting By Gavin Jones, editing by Steve Scherer)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Fed, Forex, Reuters

Related Entities

European Central Bank