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BrackenJuly 3 2017

The importance of a Brexit adaptation period and a capital markets union

BNY Mellon's Michael Cole-Fontayn calls for the financial community to unite in urging policy-makers to mitigate disruption during Brexit, and ensure the preservation of open financial markets.
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On June 8, we saw two major developments that will be of critical importance to financial markets across Europe.

First, the UK went to the polls again to elect a government to lead the country and handle the Brexit negotiations. The resulting hung parliament has the potential to make clear decision-making on Brexit a challenge.

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