Bank of England seeks to limit damage of UK's vote to leave EU

Will Brexit be the catalyst for another financial crisis in the eurozone or the wider world economy?

Mark Carney was at his soothing best. Shortly after the London stock market had opened for business, the governor of the Bank of England made a statement on what would happen now Britain had decided to exit the European Union.

Having been one of the many institutions that had highlighted the risks of a vote to leave, Carney was now all calm reassurance. Banks would not run short of money, he said. The Old Lady of Threadneedle Street would collaborate with other central banks to ensure there was no market mayhem. UK banks were in much better shape than in 2008, when two of them needed an emergency cash injection from the government.

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