Why the Financial Sector Is Braced for a Hard Brexit

The video discusses the current state of bank regulation in the US, highlighting the lack of momentum in deregulation despite investor optimism. It then transitions to the UK, focusing on Brexit negotiations and their impact on the financial sector. The discussion covers potential outcomes, including the risk of a hard Brexit and its implications for financial services. The video also examines the roles of key figures in the negotiations and the possible effects on global banks.

What is the current state of the regulatory landscape in the US according to the text?

How does the speaker perceive the momentum for deregulation in the US?

What is the significance of the Choice Act mentioned in the context of US financial regulation?

What are the two major avenues mentioned for potential regulatory changes?

What challenges does the UK face in negotiating its financial services relationship with the EU?

What is Theresa May's dream scenario regarding financial services post-Brexit?

How might WTO rules impact financial services if an agreement is not reached?