BlackRock’s EMEA CEO on Brexit, MiFID II Regulation, Diversity, Sustainability

The transcript covers Black Rock's preparation for Brexit, the impact of MiFID II on financial markets, potential regulatory changes to enhance competitiveness, and Black Rock's efforts in diversity, inclusion, and sustainability. It discusses the challenges and opportunities in these areas, emphasizing the importance of preparation, regulation, and corporate responsibility.

What was Black Rock's approach to preparing for Brexit?

• They relied on government assurances.

• They focused on short-term gains.

• They ignored the potential impact.

• They prepared for the worst-case scenario.

What is the potential impact of a second Brexit referendum according to the transcript?

• Immediate economic recovery

• Long-term economic uncertainty

• Short-term market stability

• No impact on the economy

What is a key focus of MiFID II in the financial markets?

• Reducing market competition

• Simplifying regulations

• Enhancing cost transparency

• Increasing trading volume

What role do regulators play in the implementation of MiFID II?

• They ensure uniform application of rules.

• They create new trading platforms.

• They reduce the number of financial products.

• They increase transaction taxes.

How does Black Rock aim to promote diversity and inclusion?

• By ignoring the issue

• By enforcing strict quotas

• By applying pressure on companies

• By encouraging and sharing best practices

What is one of the factors included in sustainability assessments?

• Product pricing

• Environmental impact

• Advertising reach

• Market share

How does Black Rock view sustainability in terms of business?

• As a temporary trend

• As irrelevant to investment decisions

• As a separate business unit

• As an integral part of risk assessment