2023-05-12 23:56:44
Robin Vince, CEO of Bank of New York Mellon. Pauline Fournier/Pauline Fournier/Le Figaro
INTERVIEW – According to the CEO of the American bank, it is difficult to say whether the soft landing of the economy will be possible.
Specializing mainly in the issuance of securities (shares, bonds, etc.) and asset management for businesses and individuals, the American bank BNY Mellon employs more than 51,000 people in 35 countries.
Le Figaro. – After the bankruptcy of three American banks and the takeover of First Republic Bank by JP Morgan, are other regional banks threatened?
Robin VINCE. – It is important to remember that over the past decade, the largest US banks have massively bolstered their capital and liquidity, as have other major global banks. Their liquidity and capital ratios are very high. But interest rates went from 0%, or even negative, to 5% in fourteen months. This situation demonstrated the importance of having very good risk management in order to move, in a very short time, from a long period of very low rates to an environment of high rates. We had prepared for it.
Should regulation be strengthened…
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