Societe Generale Chairman: 'Prudence' When Raising Rates

The transcript covers discussions on the banking sector's efforts in addressing climate issues, the European Central Bank's (ECB) upcoming rate hike and its implications for inflation control, potential recession and fragmentation risks in Europe, the impact of interest rates on bank profits, and the CEO succession process in a major bank. The conversation highlights the challenges and strategies within the financial sector, emphasizing the need for prudent monetary policy and effective leadership.

What are the implications of the ECB's anti-fragmentation tool in the current economic climate?

How does the banking sector's adaptation to higher interest rates impact its overall stability?

What considerations are being made regarding the succession process for the CEO position?