Speaking at the conference ZF Bankers 2016, organized by Ziarul Financiar, Constantinescu said there will be no direct impact of Brexit on the local insurance market because there are no British companies operating in Romania and no local insurers selling insurance policies in Great Britain.
„There could be effects only in the relation with reinsurance companies operating on the British market too,” Constantinescu also said.
According to Constantinescu, Brexit will not have a significant impact on the capital market either, considering that the Bucharest Stock Exchange has a low liquidity and institutional investors hold a large share of the traded capital.