SocGen CEO on Loan Losses, U.S. Election, Dividend

The transcript covers discussions on the sustainability of loan losses, market volatility, and risk management strategies. It also addresses the potential impact of the US election on banking regulations, challenges faced by the European banking sector, and expectations for dividends and capital management. The speaker emphasizes the importance of digital transformation and energy transition in the banking sector.

What is the confirmed guidance for the cost of risk for the full year?

• 70 basis points

• 60 basis points

• 50 basis points

• 80 basis points

How has the bank performed in credit structured product trading?

• Well due to high volatility

• Poorly due to low volatility

• Moderately with stable returns

• Poorly due to high volatility

What is the bank's approach to potential short-term risks in the U.S.?

• Reducing exposure

• Maintaining current exposure

• Ignoring potential risks

• Increasing exposure

What is the expected impact of a Biden administration on banking regulations?

• Significant changes

• No changes

• Slightly more demanding

• Less demanding

What is a major factor affecting the European banking sector's performance this year?

• High interest rates

• Capacity to pay dividends

• Increased competition

• Regulatory changes

What are the two long-term structural changes the bank is focusing on?

• Product diversification and risk management

• Market expansion and cost reduction

• Digital transformation and energy transition

• Customer service and technology upgrades

What is the bank's core tier one ratio at the end of the third quarter?

• 15.3%

• 14.0%

• 12.5%

• 13.2%