In spite of the June 2016 UK referendum to leave the EU, British professional associations continue to show support for the Community method and for deeper economic integration.
In the context of financial services, following the IRSG proposal to the British Government for the mutual access to financial markets part of the future EU-UK FTA, the City of London Corporation (CLC) announced today its commitment to support the European Commission’s (EC) action plan concerning the completion of the Capital Markets Union by 2019.
Considering the multiple challenges, both political and economic, that lay ahead of this ambitious plan to create a unitary market for capital, UK professional and expertise groups’ pleas in favour of the CMU are a good incentive to keep going.
During the ‘event hosted by the lobby group Association of Financial Markets in Europe’, Invest Money UK reports, the Chair of CLC, Catherine McGuiness, declared that ‘We will do our best to make sure that the project remains on track’.
Read more about:
- BETTER FINANCE’s news item on IRSG’s Call for E.U.-U.K. Post-Brexit Deal on Financial Transactions;
- the EC’s proposal for the Capital Markets Union;
- Invest Money UK’s article on this subject.