U.K. Makes Efforts to Offer Banks Certainty in Brexit

The transcript discusses the ongoing negotiations related to Brexit, focusing on the impact on business models, financial services, and the role of London as a financial hub. It highlights the importance of maintaining access to the single market and the potential consequences of losing business to New York. The discussion also covers the EU passport and euro clearing issues, emphasizing the need for strategic negotiation. The UK's leverage in negotiations is explored, along with reactions from Wall Street, stressing the importance of maintaining investment and competitiveness.

What challenges does the speaker foresee in the negotiations regarding euro clearing?

What is the significance of the transition period mentioned in the context of Brexit negotiations?

How does the speaker describe the relationship between the UK and US businesses in the context of Brexit?