Equivalence No Substitute for Passporting: PwC's Jenkins

The video discusses the impact of COVID-19 and Brexit on London's finance job market, highlighting challenges faced by the UK banking industry. It explores job market shifts in Europe, emphasizing the need for reskilling in banking as digitalization progresses. The role of equivalence in financial services post-Brexit is also examined, focusing on its implications for fund managers and infrastructure.

What role does digitalization play in the future of banking according to the text?

How are banks responding to the need for new skills in the digital era?

What are the implications of equivalence decisions for financial services post-Brexit?