EBF's Mijs on Enria, Brexit, Banking Consolidation

The video features a discussion with the European Banking Federation's chief executive on the challenges banks face due to Brexit, including the need for contingency plans and proper licensing. It highlights the importance of coordination between the Bank of England, the ECB, and other authorities to prevent disruptions. The conversation also touches on the potential for EU bank consolidation and the ongoing debate about risk sharing in the euro area, emphasizing the political nature of these issues.

What is one of the main concerns for banks regarding Brexit?

• The potential for increased taxes

• The need for new contingency plans

• The impact on customer service

• The effect on employee morale

How are banks ensuring they have the correct licenses post-Brexit?

• By increasing their marketing efforts

• By reducing their operations

• By collaborating with the ECB and the Bank of England

• By hiring more staff

What is a significant factor delaying EU bank consolidation?

• Lack of interest from banks

• Ongoing regulatory implementations

• Insufficient technology

• High operational costs

Who is expected to succeed Mrs. Nooyi as the single supervisor?

• Andrea Andrea

• Mr. Mayor

• Mr. Inria

• Clifford Edge

What is a debated topic in the euro area related to risk?

• The balance between risk reduction and burden sharing

• The introduction of new currencies

• The expansion of banking services

• The increase in interest rates