I think you're disagreeing with the OP because you're using different definitions of "Europe".
One of the more insidious psychological techniques the EU and its adherents like to use is using the word Europe when they mean the EU. The EU is a political institution. Europe is a continent. Switzerland and the UK are in Europe but not in the EU. EU officials and the media of member states constantly conflate the two, and it leads to confusion like we see in this thread, where people literally can't communicate with each other.
The largest financial centres in Europe the continent will likely remain London and Switzerland. NB: "financial centres" do far more than trade Eurozone stocks. Financial services is a very large market that encompasses many different things, like insurance, pensions, private wealth management and software development.
The largest stock trading centres for shares in companies traded in the Eurozone will move to within EU member states and stay there, largely because EU the institution is a protectionist bloc that spends great energy finding ways to create trading barriers that sneak past the WTO's definitions. The Commission's notion of "equivalence" is one of those: the plain English reading is that two jurisdictions have equivalent financial regulation if they're the same. The Commission's definition is that equivalence is an arbitrary label they can add and remove as they see fit as part of unrelated political games (the EU/Swiss "row" mentioned in the article is one of those). No actual changes in financial regulation are needed to gain or lose financial "equivalence".
One of the more insidious psychological techniques the EU and its adherents like to use is using the word Europe when they mean the EU. The EU is a political institution. Europe is a continent. Switzerland and the UK are in Europe but not in the EU. EU officials and the media of member states constantly conflate the two, and it leads to confusion like we see in this thread, where people literally can't communicate with each other.
The largest financial centres in Europe the continent will likely remain London and Switzerland. NB: "financial centres" do far more than trade Eurozone stocks. Financial services is a very large market that encompasses many different things, like insurance, pensions, private wealth management and software development.
The largest stock trading centres for shares in companies traded in the Eurozone will move to within EU member states and stay there, largely because EU the institution is a protectionist bloc that spends great energy finding ways to create trading barriers that sneak past the WTO's definitions. The Commission's notion of "equivalence" is one of those: the plain English reading is that two jurisdictions have equivalent financial regulation if they're the same. The Commission's definition is that equivalence is an arbitrary label they can add and remove as they see fit as part of unrelated political games (the EU/Swiss "row" mentioned in the article is one of those). No actual changes in financial regulation are needed to gain or lose financial "equivalence".