HSBC CEO: London Will Remain Global Financial Center

The video discusses the decision to remain in London instead of moving to Hong Kong, emphasizing London's status as a global financial center despite Brexit. It explores the impact of Brexit on financial services, market movements, and revenue shifts. The discussion extends to global banking changes, capital and leverage rules, and the cost of equity in banking models, highlighting the challenges and opportunities in the financial industry.

Why did the speaker decide to stay in London instead of moving to Hong Kong?

• Because of better weather in London.

• Due to personal reasons.

• Because London is a global financial center.

• To avoid the language barrier in Hong Kong.

What is the expected impact of Brexit on London's financial services according to the speaker?

• A permanent decline in revenue.

• A temporary impact that will be resolved in a few years.

• No impact at all.

• An immediate increase in revenue.

What percentage of revenue is expected to be affected by activities moving due to European legislation?

• 40%

• 20%

• 10%

• 30%

What is one of the challenges faced by banks regarding capital and equity?

• The cost of equity has decreased significantly.

• Investors are unsure about the required quantum of capital.

• The return on equity has increased dramatically.

• Banks are holding less capital than before.

What is the speaker's view on the future cost of equity once clarity is achieved?

• It will remain the same.

• It will increase.

• It will decrease.

• It will fluctuate unpredictably.