JPMorgan to Move $230 Billion Assets to Germany in Brexit Shift

The video discusses the impact of Brexit on the banking sector, focusing on the movement of assets from the UK to Frankfurt. It highlights the expected relocation of significant banking assets and the potential for job movement, although COVID-19 has delayed this. The discussion also covers the competitive landscape in Germany and the role of regulators like the ECB in adapting to these changes.

What percentage of JP Morgan's total balance sheet is affected by the move to Frankfurt due to Brexit?

• 5%

• 10%

• 20%

• 15%

How many banking assets are expected to be moved to Frankfurt by the end of the year?

• 300 billion euros

• 400 billion euros

• 500 billion euros

• 600 billion euros

What factor is causing a delay in the movement of personnel to Frankfurt?

• Brexit negotiations

• COVID-19 pandemic

• Local recruitment policies

• Lack of infrastructure

What is a concern for local incumbents regarding U.S. banks moving to Frankfurt?

• Loss of local jobs

• Increased competition for German business

• Stricter regulations

• Higher taxes

How have regulators prepared for the changes in the financial industry due to Brexit?

• By increasing their workforce

• By reducing regulations

• By outsourcing regulatory tasks

• By collaborating with UK regulators