BNP Paribas CFO Says 'There Are 'Too Many Banks in Europe'

The transcript discusses market performance, highlighting strong trading and diversification strategies. It addresses global trade tensions and economic growth prospects in the US and Europe, emphasizing the need for regulatory balance. The conversation also covers mergers and acquisitions, business structure changes, and the impact of French politics on economic stability.

What is the current growth percentage of the CIB as mentioned in the transcript?

• 25%

• 20%

• 15%

• 10%

How does the company view the potential impact of intra-Eurozone trade improvements?

• Equivalent to a 5% increase in trade with the US

• Equivalent to a 10% decrease in trade with the US

• Equivalent to a 20% decrease in trade with the US

• Equivalent to a 30% increase in trade with the US

What regulation has Europe postponed to observe actions by the US and UK?

• GDPR

• Basel III

• FRTB

• MiFID II

What is the company's approach to the retail side of their business?

• Continue digitalization

• Increase physical branches

• Reduce digital efforts

• Focus on traditional methods

What is the company's stance on the number of banks in Europe?

• There are too few banks

• There are too many banks

• The number of banks should increase

• The number of banks is just right

What is the company's view on the balance needed in French politics?

• Prioritize economic growth over debt

• Balance debt reduction with economic growth

• Focus solely on reducing debt

• Ignore economic growth

What is the company's strategy regarding consolidation in the banking sector?

• Support in-country consolidation

• Focus on cross-country consolidation

• Expand into new countries

• Avoid consolidation