Brexit: an opportunity to create a more sustainable financial system and Capital Markets Union?

Under the leadership of the UK's Commissioner Jonathan Hill, the European Commission launched the ambitious Capital Markets Union (CMU) initiative. Under the CMU, the EU’s investment and finance system would be reformed to create a "true single market" for capital in the EU.

But the result of the UK’s Brexit referendum has cast doubt on this initiative, which many perceived the UK to be the driving force behind. Huge questions have also been raised about the future of the City of London, its relationship with the EU single market, and European finance and investment policymaking.

The CMU is a key opportunity for policymakers to create a more responsible financial system in Europe that serves the needs of savers, citizens and the environment. If responsible investment is not placed firmly on the agenda, the CMU could increase financial instability and undermine the EU’s global leadership on sustainable development.

Now is an opportune moment to examine the future of the CMU and its potential for advancing a sustainable investment system within the European Union (EU), and beyond, in the context of the result of the UK’s June referendum. Join us on the 11th November to learn more.

ShareAction will circulate a discussion paper to attendees in advance of the event, and a paper summarising the discussions following the event.

Click here to reserve your free place.

Key questions this event will explore are:

• Will the UK's diminishing influence in Brussels help or hinder efforts to create a sustainable financial system?

• Does the CMU need the City of London, and does the City of London need the CMU?

• How will the UK's efforts to become a hub for green finance be impacted by both the evolution of the CMU and the Referendum result?

• What options are there for a post-Brexit relationship between the UK's finance sector and the EU, and how are stakeholders preparing for this?

• Can competition between European financial centres and the City of London be harnessed to catalyse a more transparent, responsible finance system aligned with the need to tackle climate change?

Join the debate at #BrexitCMU