Financial Industry Has Expected a Hard Brexit, Says TheCityUK’s CEO

The video discusses the current state of financial services, focusing on the impact of Brexit and potential political changes. It highlights the industry's preparation for a hard Brexit and the role of regulators. The video also explores the competition among European cities to attract financial business from London.

What is the main concern of the British Chambers of Commerce regarding the current political climate?

• Politicians are focusing on unrealistic goals.

• Real estate demand is decreasing.

• Financial services are not adapting to changes.

• The housing market is declining.

How has the financial services industry prepared for a potential hard Brexit?

• By collaborating closely with regulators.

• By moving all assets to the EU.

• By reducing operations in the UK.

• By halting all business activities.

What is the financial industry's relationship with UK regulators described as?

• Hostile and confrontational.

• Nonexistent and irrelevant.

• Distant and uncooperative.

• Terrific and collaborative.

What is one of the potential political outcomes the financial industry is preparing for?

• A coalition government.

• A Liberal Democrat majority.

• A Corbyn victory.

• A victory for the Green Party.

Which city is noted for its aggressive efforts to attract business from London?

• Rome

• Paris

• Madrid

• Berlin