U.K. financial services regulator the Financial Conduct Authority (FCA) has said that it is trying to mitigate as many โ€œcliff-edge risksโ€ as it can as the United Kingdom and European Union stumble on toward a โ€œno deal,โ€ hard Brexit scenario. It admits, however, that โ€œthere are some areas that can only be solved by action from the EU.โ€

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...