Morning Meeting: What's Next for Banks?

The video discusses the factors influencing bank stocks, including operating leverage, consumer strength, and capital return. It highlights regulatory risks, mentioning ongoing changes and expectations in bank regulations. The discussion shifts to blockchain technology, exploring its potential to enhance banking efficiency through proof of concept projects and industry consortiums. The video concludes with an example of blockchain's application in post-trade settlement, emphasizing its role in improving efficiency.

What are the main factors that the speaker believes make large CAP banks attractive?

• High interest rates

• Operating leverage, strong consumer, and capital return

• Government subsidies

• Low inflation

What is the speaker's stance on the Federal Reserve's interest rate hikes?

• They are aggressive

• They are conservative

• They are unpredictable

• They are irrelevant

What regulatory changes are anticipated for banks according to the speaker?

• Relaxation of all regulations

• Introduction of new taxes

• Tougher tests for CCAR and GC fees

• Complete deregulation

What is the primary reason banks are investing in blockchain technology?

• To increase customer base

• To improve efficiency

• To reduce taxes

• To comply with new regulations

How does the speaker describe the current state of blockchain in banking?

• Irrelevant

• Obsolete

• In proof of concept

• Fully implemented

What is one potential impact of blockchain on jobs in the banking sector?

• Creation of higher value add jobs

• Increase in low-skilled jobs

• Complete job elimination

• No impact on jobs

In which area is blockchain proof of concept being heavily tested according to the speaker?

• Marketing

• Loan processing

• Post-trade settlement

• Customer service