SocGen’s Bini Smaghi on Archegos Fallout, Shadow Banking, Lyxor

The transcript discusses the challenges and changes in the banking sector, focusing on regulation, risk management, and market volatility. It highlights the growth of shadow banking and the need for tighter controls. The conversation also covers the sale of Lyxor and the future restructuring plans of Societe Generale, emphasizing the importance of adapting to technological changes and increasing competition.

What are the three main factors that have contributed to the current state of banking regulation?

What are the implications of shadow banking as discussed in the text?

How has the risk appetite of financial institutions changed according to the speaker?

What does the speaker suggest about the internal risk control and monitoring in financial institutions?

How does the speaker view the relationship between risk management and financial stability?

What concerns does the speaker raise about the current market volatility?

What future changes does the speaker anticipate for Societe Generale in the next 3-4 years?