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 is the number one task for global banking in the next five years according to the speaker?

How should banks refocus their strategies according to the speaker?