Deutsche Bundesbank's Dombret on Brexit, European Banking

The transcript discusses the implications of Brexit on the banking sector, focusing on regulatory challenges, euro clearing, and the stability of the EU banking system. It highlights the potential need for changes in banking business models and the economic rationale for mergers. The discussion emphasizes the importance of preparation and adaptation in the face of Brexit-related changes.

What is the general attitude towards immediate changes in the British banking system post-Brexit?

• Panic and immediate action

• Relaxed and observant

• Aggressive expansion

• Complete withdrawal from the EU market

What is a potential issue with trading euro-denominated assets in London post-Brexit?

• Currency conversion issues

• High transaction fees

• Regulatory challenges outside the EU

• Lack of trading volume

How has the economic rationale for cross-border mergers changed post-Brexit?

• It has become irrelevant

• It has decreased significantly

• It remains unchanged

• It has increased

What is the stance on using Brexit as an excuse for delaying banking reforms?

• It is encouraged

• It is acceptable

• It is mandatory

• It should not be used as an excuse

What was the performance of financial markets immediately after the Brexit vote?

• They collapsed

• They functioned well

• They were unstable

• They were closed

What is a significant concern for banks using the UK as a hub post-Brexit?

• Increased interest rates

• Decreased customer base

• Higher taxes

• Loss of passporting rights

What is the expected timeline for changes in banking business models post-Brexit?

• Immediate changes

• Within a few months

• No changes expected

• Over the next two years