Regulation

ICMA: Brexit threatens capital markets integration

New reports from the trade body and Oliver Wyman underline the risks to capital markets and the importance of a transition period for financial firms

ICMA: Brexit threatens capital markets integration
Photo: iStock

There are “limited ways” to maintain capital markets integration to the benefit of both the UK and the EU post-Brexit, says an industry trade body in a new paper, warning that the referendum vote risks fragmenting markets across the continent despite plans for a union.

In an October 4 working paper titled European capital market integration post-Brexit, the International Capital Market Association wrote that maintaining integration of European capital markets after the UK leaves the bloc would be of "mutual benefit" to both parties.

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