No-Deal Brexit Stock Market Mess Will Be London's Fault, EU Says
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The U.K. would be to blame for chaos in equity markets that results from a no-deal Brexit, according to a top European Union regulator who called on Britain to do more to avert a mess.
Steven Maijoor, chairman of the European Securities and Markets Authority, said recent revisions to EU policies will help smooth trading if the U.K. leaves the bloc without a withdrawal agreement. However, he said the share-trading rules “will fragment markets” across borders.