Of particular importance is the fact that this year's report on the focus has the topic of corporate governance, for which CBK has demonstrated leadership beyond its mandate, where in the role of Regulator and Supervisor of Financial Institutions in the Republic of Kosovo it has advanced the requirements for better corporate governance Let me first share with you some views on the importance that corporate governance has for the financial sector and the economy in general.
A particularly sharp increase in uncertainty or fall in confidence could lead to greater macroeconomic disruption. The significant uncertainty around a hard Brexit makes the macroeconomic outcome hard to predict.Our estimates indicate severe and immediate disruptive effects of a no deal Brexit with Irish economic output estimated to be 6 percentage points lower after two years than otherwise expected7.