BNP Paribas' CFO: Year Ahead Will Remain Difficult

The transcript discusses the evolution and future strategies of banks, focusing on digitalization and optimization. It covers expectations for revenue growth in French retail, the impact of low interest rates, and the potential return to growth by 2017 or 2018. The discussion includes contingency planning for a euro breakup and the impact of political changes. The potential effects of the Dodd-Frank repeal on European banks are considered, along with the implications of Brexit on staff relocation and business operations.

What is the bank's strategy for 2020 in terms of digitalization and optimization?

• To eliminate digitalization completely

• To push digitalization and optimization further

• To reduce digitalization efforts

• To maintain the current level of digitalization

When is the bank expecting a return to revenue growth in French retail?

• End of 2018

• End of 2017 or early 2018

• Early 2017

• Mid 2018

How does the bank plan to respond to changes in the political environment?

• By ceasing operations

• By relocating all operations

• By adapting to serve clients

• By ignoring the changes

What is the potential impact of repealing the Dodd-Frank Banking Regulation on European banks?

• Immediate and severe impact

• No impact at all

• Complete advantage for European banks

• Manageable within the G20 framework

What is the bank's approach to staff relocation post-Brexit?

• Move all operations to the US

• Stay close to clients and adapt as needed

• Keep headquarters in London

• Relocate all staff to Paris