Colm Kelleher: Brexit Most Consequential Post-War Event

The video discusses the potential consequences of Brexit, highlighting its significant impact on the EU and UK, particularly in the financial sector. London, as a financial hub, may face challenges, with possible shifts in leadership to cities like Frankfurt and Paris. Morgan Stanley outlines contingency plans, including establishing a European headquarters. Operational challenges, such as euro clearing and labor movement, are also considered.

What is considered one of the most significant events in the post-war period according to the speaker?

• The Big Bang

• The fall of the Berlin Wall

• The financial crisis

• A British exit from the EU

Which city is mentioned as potentially benefiting from London's reduced role in Europe post-Brexit?

• Berlin

• Frankfurt

• Madrid

• Rome

What is the anticipated effect on employment in London's financial services sector in a post-Brexit scenario?

• An increase in employment

• A slight increase in employment

• No change in employment

• A significant reduction in employment

What are the potential new locations for Morgan Stanley's European headquarters post-Brexit?

• Amsterdam or Brussels

• Dublin or Frankfurt

• Paris or Berlin

• Madrid or Lisbon

What operational change is expected for the euro clearing process in a Brexit scenario?

• It will remain in London

• It will be handled by New York

• It will move to continental Europe

• It will be discontinued