SEC’s Clayton: Plan for volatile markets if there’s a hard Brexit

By Francine Mckenna

Securities and Exchange Commission Chairman Jay Clayton warned an audience of international bankers in Washington on Monday, “If we have a hard Brexit, there will be friction, there will be price volatility, there will be problems.”

Clayton told the bankers, and their lawyers and consultants gathered for the annual meeting of the Institute of International Bankers, “Brexit is already here.”

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