UniCredit 'Steady as She Goes' Amid Bank Worries: CEO

The video discusses the role of bank balance sheets as key transmission mechanisms for monetary policy in Europe, particularly in the context of the ECB's efforts to control inflation. It highlights the importance of banks in economic policy, especially given the underdeveloped capital markets in Europe. The discussion also covers the misalignment between regulatory objectives and economic goals, particularly during recessions or crises like COVID-19. Finally, it outlines a bank's strategic approach to navigating uncertainty, focusing on disciplined expansion and risk management.

What role do bank balance sheets play in monetary policy in Europe?

How does the current regulation affect banks' ability to respond to economic challenges?

What are the opposing objectives faced by banks during a recession?

In what ways can banks leverage uncertainty in the market?

What is the current stance of the banks regarding expansion and risk management?