Dombret on Banking Sector, Brexit, and Monetary Policy

The transcript discusses the challenges banks face in the current interest rate environment, particularly in the eurozone. It explores the relationship between monetary policy and bank supervision, emphasizing the need for strong supervision. The debate over capital requirements and loss-absorbing capacity is highlighted, with differing views from the Single Resolution Board and the European Commission. The complexities of contingent convertible debt are addressed, stressing the need for clarity in EU rules. Finally, the potential impacts of the UK referendum on EU membership, particularly on London's role as a financial center, are analyzed.

How do contingent convertible debts (Cocos) enhance loss absorbing capacity in banks?

What potential impacts could a UK referendum on EU membership have on London's financial center?

What are the challenges related to euro denominated trading outside of the eurozone?