AGI's Utermann Says Europeans Won't Allow Cherry-Picking Approach for U.K.

The transcript discusses the complexities of Brexit negotiations, highlighting the limited influence of Angela Merkel and the European Parliament, with the real action centered in Brussels. It outlines the EU's firm stance against cherry-picking and the UK's potential need to adopt EU standards without having a say in them. The discussion also covers the implications for the UK's financial services sector, suggesting that the UK may become a rule-taker, which could lead to significant challenges and potential regulatory arbitrage.

What concessions is Angela Merkel willing to give regarding Brexit?

What is the stance of the European Parliament on the Brexit negotiations?

How does the speaker view the UK's desire to remain in conversations over data protection and security?

What does the speaker imply about the UK's approach to the European standards?

What are the potential implications for the financial services sector in the UK post-Brexit?