EU Lawmaker McAllister on Brexit, Financial Services

The transcript discusses the UK's potential future rights in financial services post-Brexit, the impact of Brexit on trade and regulatory changes, and the current state of the financial services agreement between the UK and the EU. It highlights the absence of equivalence frameworks in the agreement and the need for future negotiations to address unresolved issues.

What did the Prime Minister suggest about the current UK-EU agreement?

• The EU will automatically grant more rights to the UK.

• There may be opportunities to revisit the agreement in the future.

• The agreement is final and cannot be changed.

• The UK achieved all its goals.

What is a direct consequence of the UK leaving the EU?

• Increased trade between the UK and EU.

• No impact on public administrations.

• Creation of new barriers to trade and mobility.

• Unified regulatory and legal spaces.

How does the current agreement treat financial services?

• It includes detailed equivalence frameworks.

• It treats financial services like other EU free trade agreements.

• It grants the UK special rights in financial services.

• It finalizes all aspects of financial cooperation.

What is still pending regarding the UK's financial services equivalence?

• The EU has finalized its assessment.

• The UK has rejected the EU's assessment.

• The EU is still assessing the UK's equivalence in several areas.

• The UK has completed all necessary adjustments.

What is the status of future cooperation on financial services between the UK and EU?

• It is not necessary for future agreements.

• It will be sorted out at a later stage.

• It has been fully decided in the current agreement.

• It is already in place and operational.