How Will Brexit Impact the U.K. Banking Sector?

The video discusses the potential impacts of Brexit on the financial market in London, focusing on access to the EU single market and passporting rights. It introduces the concept of equivalence, which may allow banks to retain some access rights. The discussion also covers the potential relocation of financial activities due to Brexit uncertainties and the implications for euro derivatives clearing in London.

What does Moody's believe about the permissions granted to financial firms after the UK exits the EU?

What is the concept of 'equivalents' mentioned in the context of EU regulatory provisions?

What are the potential risks for banks regarding the uncertainty around the negotiation process?

How might the European Central Bank's location policy affect the clearing of euro derivatives in London?

What are the implications of the UK being outside the EU for derivatives and financial instruments?