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.

Who is primarily responsible for leading the Brexit negotiations on behalf of the EU?

• European Parliament

• Michel Barnier

• Boris Johnson

• Angela Merkel

What approach has the EU consistently rejected in the Brexit negotiations?

• Cherry-picking

• Customs union

• Full membership

• Single market

What is the UK's position on adopting international standards post-Brexit?

• The UK will not adopt any international standards.

• The UK will have full control over international standards.

• The UK will co-develop all international standards.

• The UK can adopt standards but won't have a say in their development.

What is the predicted outcome for the UK's financial services sector post-Brexit?

• It will become a rule maker.

• It will gain more independence.

• It will face no changes.

• It will have to adopt EU standards.

What could be a consequence if the UK pursues regulatory arbitrage?

• Increased trade opportunities

• Severe penalties

• More influence in EU decisions

• No impact on the economy