EC’s Bohan: Brexit won’t derail the CMU

Author: Lizzie Meager | Published: 1 Mar 2017

The UK’s decision to leave the EU will not stop the capital markets union (CMU) agenda from moving forward – though it will make things harder – according to head of unit for the CMU Niall Bohan.

The CMU, the European Commission’s ambitious project for creating a more integrated capital market in the EU, was first embarked upon in 2015 before the UK’s June 2016 referendum was considered a real risk.

Brexit will force other member states to build on their own capital markets

Its overarching goal is to boost the funding available to small and medium enterprises (SME) and it seeks to do so in a variety ways, for example by harmonising insolvency laws and redrafting rules to boost securitisation.

“Brexit makes other member states realise they have to build their own autonomous capital markets,” Bohan said at an...