International Regulatory Strategy Chair on Brexit Deal

The transcript discusses the potential for a bespoke free trade agreement between the UK and EU, focusing on financial services. It highlights the importance of maintaining cross-border financial flows post-Brexit, despite regulatory challenges. The need for a joint dispute resolution mechanism is emphasized to address regulatory divergences. The discussion also touches on the balance between maintaining control and adhering to international standards.

What is the primary focus of the bespoke free trade agreement discussed in the video?

• Tourism

• Manufacturing goods

• Financial services

• Agricultural products

Why is a dispute resolution mechanism important in the UK-EU trade agreement?

• To maintain cross-border service supply despite regulatory differences

• To restrict movement of people

• To ensure financial penalties are imposed

• To increase tariffs on goods

What is a key challenge in maintaining cross-border financial services post-Brexit?

• Lack of financial institutions

• Divergence in regulatory systems

• High transportation costs

• Cultural differences

How does the video suggest achieving regulatory outcomes?

• By ignoring international standards

• By adopting different approaches to achieve the same goals

• By following the same detailed regulations

• By focusing solely on UK regulations

What is a potential consequence of regulatory divergence mentioned in the video?

• Loss of market access

• Improved trade relations

• Higher economic growth

• Increased market access