to The International Bond Market, Informed by Bloomberg Reporting

U.K. to End Zero Risk for EU Government Bonds on No Deal Brexit < wipes tears >

The change would automatically require U.K. banks, and subsidiaries holding parts of their liquidity in government bonds, to commit additional capital against the securities, according to the Treasury.

wut

A deal that results in both sides recognizing their regimes as equivalent [?!] would avoid that scenario.

same currency, same 27 nation-states, same rates, same liabilities and income. m'k.

Diversity is the key to economic and political evolution.