Hard Brexit, Passporting, and the U.K. Banking Industry

The video discusses the implications of Brexit on the banking sector, focusing on the loss of passporting rights and the UK's regulatory environment. It highlights the potential risks and opportunities for UK and US banks, considering the economic impact of a weaker pound. The discussion also covers market dynamics, including fixed income and equity trading, and the importance of regulatory equivalences for continued EU market access.

In what ways might a hard Brexit affect the capital position of UK banks compared to European banks?

What factors should be considered when comparing dollar business to euro business in the context of UK banks?