EU, U.K. Committed to High Standards in Financial Services: Celic

The transcript discusses the impact of Brexit on European share trading, highlighting the shift of trading activities from London to Paris. It explores the regulatory focus on goods over services during Brexit negotiations and the implications for financial services. The discussion emphasizes the need for structured regulatory cooperation between the UK and EU to manage future divergences and maintain high standards in financial services. The importance of ongoing dialogue and cooperation in areas like Fintech and data is also highlighted.

What was the main consequence of Brexit on share trading according to Alasdair Haynes?

• Decrease in trading volume

• Increased trading in London

• Shift of trading to Paris

• Stability in trading locations

What was the primary focus of the initial Brexit negotiations?

• Regulatory autonomy

• Digital services

• Financial services

• Goods

What was a key concern for the financial industry regarding Brexit?

• Reduction in digital services

• Fragmentation and market friction

• Unified regulatory standards

• Increased tariffs on goods

What is the significance of the joint Declaration on Financial Services?

• It prioritizes digital services

• It establishes structured regulatory cooperation

• It eliminates all trade barriers

• It focuses on goods trade

What is a potential outcome of regulatory divergence between the UK and EU?

• Complete alignment of regulations

• No impact on financial services

• Different approaches to new technologies

• Unified financial market

How can the UK and EU manage regulatory divergence effectively?

• By imposing strict trade barriers

• Through ongoing dialogue and exchanges

• By ignoring each other's regulations

• By focusing solely on goods trade

What shared interests might the UK and EU focus on in the future?

• Agricultural trade

• Fintech and data

• Military cooperation

• Only traditional banking