RBS Chairman Davies Sees Nothing to Alarm Markets

The transcript discusses how markets should interpret the US political climate, particularly under the Trump administration, and the potential impact on economic policies. It highlights the Federal Reserve's confidence in the US economy's upward trajectory and examines China's economic slowdown, which is not seen as disastrous. The biggest risk identified is Chinese credit growth and its management, with concerns about the Chinese banking system's size and potential disruptions. The discussion also covers China's financial management strategies, including asset management companies, and the strength of the Chinese state's finances.

How should markets interpret the current situation regarding the Trump administration?

What are the potential risks to the world economy mentioned in the text?

What concerns are raised about Chinese credit growth?

How does the Chinese banking system compare to the European banking system?

What measures can the Chinese government take to manage financial tensions?