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Muhyiddin said at the launch of the programme handbook.

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Domestic variables include foreiby the US BBB corporate spread.

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Italy and Spain, which prompted banks to prepare for a greater deterioration in asset quality than in other euro area countries.

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LIBOR should the latter become unavailable.

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The warning came after Boris Johnson urged the country to prepare for the possibility of an exit from the European Union without a deal at the end of the year.

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In contrast, foreign branches tend to exacerbate stresses.

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The outstanding amount of euro area green bonds has increased sevenfold over the same period. UK banks benefit from half of their exposures being overseas, and a sizeable proportion of the capital buffers accrue to those exposures.

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Such issuance has been used to bridge potential liquidity shortfalls and to finance working capital requirements and ongoing investment projects that could not be postponed.

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Carney has said he believes the central bank would need to cut rates and possibly provide other stimulus over the summer to cushion the shock of voting to leave the EU.

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Further work on MMFs should focus on enhancing liquidity features and removing incentives for investors to redeem early.

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Time for one last question.

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