HIGHLIGHTS-Bank of England's Carney speaks in parliament on Brexit

LONDON, Nov 20 (Reuters) - Bank of England Governor Mark Carney and other top monetary policy officials from the central bank were speaking to the Treasury Committee in Britain's parliament on Tuesday.

Below is a selection of their comments.

GOVERNOR MARK CARNEY

"Implied volatility in sterling is very high right now, much higher than it is for other major currencies, for the obvious reasons of the states of the political discussions you're all involved in and the importance for the outlook for the economy in the short and medium term."

"The expectation of those who are active in those markets is that they're volatile, that it will continue to be volatile for the next month at least."

"We have emphasized from the start the importance of having some transition between the current arrangements and the ultimate arrangements. So we welcome the transition arrangements in the (European Union) withdrawal agreement. ..and take note of the possibility of extending that transition period."

(Reporting by UK bureau; Editing by Elisabeth O'Leary in Edinburgh)