UBS's Ermotti Sees More Bank Consolidation in 2020

The video discusses the cost income ratio in banking, highlighting its misleading nature and the importance of capital efficiency. It covers the impact of the French case on capital return policies and the potential for consolidation in the European banking sector. The discussion emphasizes the importance of scale in banking to offset margin compression and enhance client and shareholder value.

Discuss the potential for consolidation in the European banking sector as mentioned in the text.

What role does scale play in the banking sector according to the speaker?