U.K. Divergence With EU Rules Will Limit Market Access: Dombrovskis

The transcript discusses the ongoing negotiations between the UK and the EU regarding financial market access and regulatory alignment. It highlights the UK's reluctance to fully comply with EU regulations and the EU's stance on maintaining a level playing field. The discussion covers the principles of economic cooperation, the steps towards a free trade agreement, and the potential consequences of regulatory divergences. The focus is on the importance of regulatory alignment for better market access and the scenarios that may unfold after the transition period ends.

What is meant by 'equivalence mapping' in the context of financial services?

How does the current status of Britain in the EU single market affect future negotiations?