UK's Griffith on Post-Brexit Opportunities

UK's Griffith on Post-Brexit Opportunities

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the Edinburgh reforms, a set of 30 ambitious changes aimed at leveraging Brexit freedoms to modernize the UK's financial regulatory regime. The reforms cover various aspects of financial services, including building societies, consumer credit, and wholesale markets. The discussion highlights the balance between adopting EU regulations and creating UK-specific rules. The focus is on maintaining a competitive edge globally while ensuring financial stability. The conversation also addresses the challenges and opportunities post-Brexit, emphasizing the UK's position as an international financial hub.

Read more

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of the Edinburgh reforms?

To increase taxes on financial services

To eliminate Brexit freedoms

To lower regulatory standards

To modernize the regulatory regime

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which areas do the Edinburgh reforms cover?

Only consumer credit

Only wholesale markets

Every part of financial services

Only building societies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the new opportunities mentioned in the reforms?

Increased tariffs on imports

Reduced international trade

Digital and distributed ledger technology

Higher interest rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK's approach to competing with other financial markets?

To equip the UK financial sector with a flexible rule book

To focus solely on the European market

To replicate the EU's financial regulations

To ignore international markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the changes to ring-fencing?

To eliminate it completely

To make it more flexible

To apply it only to small banks

To increase its restrictions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Bank of England contribute to financial stability under the new reforms?

By increasing interest rates

By implementing a resolution regime

By reducing bank balance sheets

By eliminating consumer protections

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the overall approach of the Edinburgh reforms according to the minister?

A cautious and minimal approach

A focus on reducing regulations

A balanced and ambitious set of changes

An emphasis on short-term gains