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.

How does the opposition in Germany affect the EU's approach to derivatives market regulations?

Discuss the political implications of the EU's desire to change the law regarding trading and clearing.