BNP Paribas CFO on 3Q Results, ECB Policy, Acquisitions

The transcript covers various topics including market uncertainty, the impact of ECB decisions, and the situation in Catalonia on the banking environment. It discusses the French market trends, economic reforms, and BNP Paribas' expansion strategy, focusing on bolt-on acquisitions. The conversation also touches on tax issues, regulatory challenges, and the implications of Brexit for BNP Paribas.

What was the main reason for uncertainty in the European market during the past quarter?

• Economic downturn in Germany

• Political instability in France

• Uncertainty related to the ECB's decisions

• Brexit negotiations

How did BNP Paribas' French retail revenues perform recently?

• Increased by 2%

• Remained stable

• Increased by 5%

• Slightly decreased by 1%

What is BNP Paribas' strategy for expansion in Germany?

• Large-scale acquisitions

• Organic growth using specialized banking businesses

• Merging with local banks

• Focusing on digital banking

What type of acquisitions is BNP Paribas interested in for Asia?

• Large-scale acquisitions

• Bolt-on acquisitions

• Mergers with local banks

• Joint ventures

What is BNP Paribas' current stance on creating a UK subsidiary post-Brexit?

• They are waiting to see how discussions unfold

• They are in the process of setting up a subsidiary

• They have already established a subsidiary

• They have no plans to create a subsidiary

What is the main concern for BNP Paribas regarding the US tax changes?

• Increased competition from US banks

• Changes in regulation affecting their growth strategy

• Impact on their European operations

• Decreased demand for their services

What is the position of France regarding the Basel III bank capital rules?

• France has already implemented the rules

• France opposes the rules

• France is neutral

• France supports the rules