So, more work needs to be done, even if the circumstances might be challenging. My message to all affected banks is this: don’t procrastinate. No one will wait for you. When Brexit happens you will either be prepared, or not. I advise you to be prepared. And there are a lot of things that need to be considered.
It is a pleasure to be here to meet with you at New York University for this Conference on Small Business Finance. It is clear from the conference program that there is an excellent mix of academics, government representatives, and practitioners here to study how small business is financed. Indeed, I am glad to see so much attention being paid to this important topic.