BaFin Says All Major Banks Preparing for `No Deal' Brexit

The video features an interview with Felix Hufeld, Baffin President, discussing the impact of Brexit on banks, the need for scale and consolidation in the banking sector, and the regulatory landscape in Europe. Hufeld emphasizes the importance of preparation for a no-deal Brexit, the challenges of contract continuity, and the complexities of cross-border consolidation. He also highlights the role of the ECB in promoting a unified European market and addresses concerns about emerging market risks, particularly in Turkey.

What preparations are major banks making in response to a potential no deal Brexit?

What challenges do banks face regarding contract continuity post-Brexit?

How does the consolidation of banks in Germany affect the banking industry?

What role does the ECB play in the supervision of banks in Europe?

What is the significance of the Single Supervisory Mechanism (SSM) in the context of European banking?

What are the expected changes in the focus of the SSM with the new chair?

What are the potential impacts of Turkish exposures on European banks?