UBS CEO: More Consolidation Coming to Asset-Management

The video discusses the current stability of financial markets, challenges posed by negative rates, and the unique situation of Deutsche Bank. It explores the impact of Brexit on the UK economy and London's role as a financial hub. The discussion highlights market complacency, potential risks, and the importance of liquidity. It concludes with insights into asset management strategies and the competitive landscape.

What is one of the main challenges faced by banks due to negative interest rates?

• Increased competition from fintech

• Difficulty in generating revenue from deposits

• Higher operational costs

• Increased loan defaults

How does the speaker describe the situation of Deutsche Bank?

• A minor financial issue

• A typical banking crisis

• A global banking problem

• An idiosyncratic situation

What is a significant concern regarding the market's reaction to the fall in the pound?

• Increased inflation

• Lack of liquidity

• Rising interest rates

• Decreased foreign investment

What is the speaker's view on London's future role in the financial industry post-Brexit?

• It will be irrelevant

• It will become the global leader

• It will remain a key player

• It will lose all significance

What does the speaker identify as a potential risk for market stability?

• Overregulation

• Complacency in the face of macroeconomic and geopolitical challenges

• Increased competition

• Technological advancements

What is UBS's primary strategy for growth in asset management?

• Acquiring smaller firms

• Growing organically

• Expanding into new markets

• Merging with competitors

What does the speaker hope a new administration could achieve in terms of geopolitical issues?

• Reduce international trade

• Increase military spending

• Unlock geopolitical tensions

• Strengthen national borders