Davies: Brexit Impact on RBS 'Very Small So Far'

The video discusses the impact of Brexit on RBS, noting minimal immediate effects on operations but highlighting market concerns about future earnings due to potential recession and low interest rates. It suggests that government infrastructure spending could complement monetary policy to stabilize the economy. The future of global banking is addressed, emphasizing the need for simplification and focusing on core strengths to maintain market position.

What has been the impact of Brexit on RBS's mortgage demand?

• Complete halt

• No change

• Slight moderation

• Significant increase

What is the market's concern regarding a potential recession?

• Fluctuating interest rates

• Higher interest rates

• Lower interest rates for longer

• Stable interest rates

What does the speaker suggest the government should do to support the financial sector?

• Increase taxes

• Implement expansionist policy on infrastructure

• Reduce infrastructure spending

• Focus solely on monetary policy

What is identified as the number one task for global banking in the next five years?

• Expansion into new markets

• Focus on digital banking

• Simplification of business models

• Increase in employee numbers

What should banks focus on to improve market perception?

• Diversification into unrelated sectors

• Complex international markets

• Core strengths and markets

• High-risk investments