EU must think big to overcome Brexit’s impact on markets

Post-trade reforms offer lessons for Capital Markets Union project, writes EU lawmaker Kay Swinburne

brexit EU world markets - Getty - web.jpg
The EU needs to remember that while this is a regional project, capital markets are global

The benefits of greater harmonisation in Europe’s capital markets are well understood: improved access to credit and other forms of finance, fostering economic growth and helping to reduce financial instability. Despite its virtues, however, the reality of a single Europe-wide market for all forms of capital continues to elude the region’s policymakers. With Brexit looming, the European Union needs to learn the lessons of past efforts at post-trade simplification to push ahead.

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