Inside Theresa May's Double Brexit Threat

The transcript discusses the implications of delayed trade negotiations on financial services, particularly in relation to Brexit. It highlights the uncertainty faced by financial firms regarding passporting and regulatory issues, and the potential fragmentation of financial services across Europe. The discussion also covers the complexities of clearing and market fragmentation, emphasizing the financial impact and increased capital costs associated with splitting asset classes.

What are the implications of delaying trade negotiations for financial services firms?

What factors contribute to the uncertainty faced by financial services firms regarding their future locations?

What potential changes in job distribution might occur as firms reassess their legal entity footprints post-Brexit?

How might the fragmentation of financial services post-Brexit affect costs for businesses?

In what ways could the clearing question impact the financial landscape in Europe?