EU Looking to Weaken MiFID II With U.K. Concession Walkback

The video discusses the EU's regulatory changes affecting London's financial markets, focusing on derivatives trading and the Open Access rule. It highlights the political nature of these changes and their impact on the concept of equivalence, which is crucial for London's financial services. The EU aims to maximize its leverage by setting a moving target of regulations, making it challenging for London to maintain its status in the EU market.

What is the primary reason behind the EU's consideration of changes to financial regulations?

• To address political motivations and impact equivalence

• To enhance London's dominance in derivatives trading

• To increase the number of global investment banks in the EU

• To simplify the trading process for small banks

What does the Open Access rule allow traders to do?

• Trade on multiple exchanges simultaneously

• Trade on one exchange and clear trades on another

• Trade without any regulatory oversight

• Trade exclusively within their home country

Which country is particularly opposed to the Open Access rule?

• France

• Spain

• Italy

• Germany

What is the EU's strategy regarding the equivalence status of London?

• To make it easier to achieve

• To maintain the current status

• To create a moving target of regulations

• To eliminate it entirely

Why is the situation regarding equivalence considered highly political?

• Because it is unrelated to financial markets

• Because the EU wants to maximize leverage over London

• Because it affects small local banks

• Because it involves multiple countries