Trading Floors to Be Much Less Well-Populated on Return: RBS’s Davies

The transcript discusses the planning for phase two of returning to work at RBS, highlighting the challenges faced in the trading room and the need for contingency plans. It also evaluates the support provided by the government and the Bank of England, including loan schemes and interest rate adjustments, while expressing concerns about the prolonged lockdown and its impact on businesses.

What is one of the main challenges RBS faces in the trading room during the current situation?

• Lack of technology

• High operational costs

• Overcrowding

• Insufficient staff

What has the Bank of England done to support businesses during the economic downturn?

• Introduced new regulations

• Reduced interest rates

• Raised interest rates

• Increased taxes

What type of loan scheme has been introduced to support small businesses?

• Partial guarantee loan

• 100% guaranteed loan

• Interest-free loan

• Long-term loan

What assumption is made about the shape of the recession?

• L-shaped

• U-shaped

• W-shaped

• V-shaped

Why is it important to provide a clear path out of the recession?

• To increase government revenue

• To prevent businesses from making pessimistic conclusions

• To reduce inflation

• To attract foreign investment