Brexit threatens cross-border financial markets, MEP warns traders

Global cooperation between regulators must be preserved after the UK leaves the European Union, says Kay Swinburne.

An influential member of the European Parliament has warned that, with a year to the day until the UK leaves the European Union, there remains a danger that Brexit could reverse the global cooperation that has been achieved during the past decade and lead back to local financial markets.

Speaking at this month’s AFME European Trading & Market Liquidity conference in London, Conservative MEP for Wales Kay Swinburne told traders it is incumbent upon market participants and trade bodies as much as regulators to protect cross-border cooperation in the wake of Brexit.

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