Britain’s Financial Services Industry Post-Brexit

The video discusses the impact of Brexit on the UK's financial services industry, emphasizing the importance of maintaining high regulatory standards as a competitive advantage. It explores the concept of equivalence with EU rules and the need for enduring safeguards. The discussion also covers job forecasts and potential opportunities outside the EU, highlighting the long-term nature of the transition and the positive future for the City of London.

What is considered a competitive advantage for London's financial services post-Brexit?

• Lower tax rates

• High regulatory standards

• Deregulation of financial markets

• Increased government subsidies

What is the main concern regarding the equivalence regime in financial services?

• The cost of implementation

• The duration and stability of equivalence

• The complexity of the regulations

• The impact on domestic customers

What was a major concern for the UK financial services industry immediately after the Brexit vote?

• Decreased foreign investment

• Higher interest rates

• Job losses in the financial sector

• Increased competition from the EU

What is a potential opportunity for the UK financial sector outside the EU?

• Increased trade with the EU

• Expansion in green finance

• Stricter immigration policies

• Higher tariffs on imports

How does the openness of the EU-UK relationship affect economic activity?

• It makes economic activity more challenging

• It facilitates maintaining the right level of economic activity

• It has no impact

• It leads to increased regulatory burdens