Why the Financial Sector Is Braced for a Hard Brexit

The video discusses the current state of bank regulation in the US, highlighting the lack of momentum in deregulation despite investor optimism. It then transitions to the UK, focusing on Brexit negotiations and their impact on the financial sector. The discussion covers potential outcomes, including the risk of a hard Brexit and its implications for financial services. The video also examines the roles of key figures in the negotiations and the possible effects on global banks.

What has been the main action taken by the Trump administration regarding financial deregulation?

• Passing the Choice Act

• Complete repeal of Dodd-Frank

• Requesting a study on the regulatory environment

• Immediate deregulation of all banks

What is the budget reconciliation technique primarily used for?

• Defunding regulatory items

• Creating new financial regulations

• Increasing bank shares

• Improving healthcare policies

What major event did Theresa May trigger that affects the UK financial sector?

• The Orderly Liquidation Act

• The Dodd-Frank Act

• Article 50

• The Choice Act

What is a significant concern for the UK financial sector post-Brexit?

• Losing access to the EU market

• Remaining in the single market

• Increasing bank shares

• Defunding the Consumer Financial Protection Bureau

Who is responsible for negotiating the UK's exit from the EU?

• Michel Barnier

• Gary Cohen

• Theresa May

• David Davis

What is Theresa May's dream scenario for the UK financial sector post-Brexit?

• Full access to the single market

• No access to the EU market

• Complete deregulation

• Equivalence regimes for certain sectors

What happens if no agreement is reached by the end of Brexit negotiations?

• Financial regulations are relaxed

• The UK gains full market access

• WTO rules apply

• The UK remains in the EU