BoE's Carney: Need early agreement on Brexit transition

Mark Carney, the Governor of the Bank of England, is presenting November Financial Stability Report before the Treasury Select Committee, with key quotes (via LiveSqauwk) found below.

Need early agreement on Brexit transition.

Need to review bank supervision based on progress of brexit negotiations.

OBR productivity forecast is now below that of BoE.

Making some EU banks operate subsidiaries in London reduces financial services available for EU non-financial firms.