Brexit ‘shadow’ hangs over EU capital markets as commission pushes CMU

By GlobalCapital
12 Sep 2019

Brexit will shrink the size of financial markets in the European Union, the International Monetary Fund has warned as it urged the new Commission to step up its work on creating a Capital Markets Union (CMU).

The departure of the UK from the bloc would lead to a big fall in the volume of listed equities and private sector bonds. Its advice came as a new set of European commissioners take up their roles under incoming president Ursula von der Leyen.

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