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This.
I've watched the hearing, read the article (and a couple of others). The "more to lose" quote is BS. He said both are at risk, but the risk is higher in the EU currently.
"I am not saying there are not financial stability risks in the UK, and there are economic risks to the UK, but there are greater short term risks on the continent in the transition than there are in the UK," he said.
That is, Brexit may fuck everyone up, not just the UK. Let's celebrate!
What he says is that there is a greater risk of financial instability in the EU than there is in the UK, he doesn't say that the EU has more to lose (ultimately), that's what the Telegraph are saying that he said, from my reading of that article anyway.