ABN Amro Slides as Probe Raises Doubts on Costs

The transcript discusses the challenges and strategies of managing compliance costs in the banking sector, particularly in relation to financial crime detection and customer due diligence. It highlights the uncertainty of criminal probes and the need for ongoing investment in compliance. The discussion also covers the balance between cost reduction and necessary compliance investments, as well as the impact of negative interest rates on revenue. The banking sector's role in society and the importance of being a responsible gatekeeper are emphasized.

How does the organization plan to balance compliance costs with its overall cost base?

What measures are being taken to ensure compliance with current and future rules?

What are the implications of low rates in Europe on the organization's revenue generation?