FCA Is 'In Listening Mode' on HKEX's LSE Bid, CEO Bailey Says

The transcript discusses the Hong Kong exchange bid for the LLC, highlighting its significance as critical infrastructure. The regulator is in a listening mode, awaiting formal proposals while maintaining high scrutiny due to the importance of the Stock Exchange. The discussion also covers ongoing and proposed transactions, with a focus on future expectations under takeover rules.

What are the implications of the proposed transaction mentioned in the text?

What does the speaker indicate about the timeline for the proposals?