BNP Chairman John Lemierre Says Beware of ‘Harsh’ Bouts of Volatility
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The difficult trading conditions at the end of last year remain a lingering threat for investment banks, which are being forced to restructure their businesses to adapt, said BNP Paribas SA Chairman Jean Lemierre.
“There is ample liquidity everywhere in the world, the corporate sector needs less protection against volatility because there is less volatility, but volatility can happen in a very harsh way for a few days,” Lemierre said in a Bloomberg Television interview Tuesday. The environment seen in 2018 is continuing “now because of the monetary policy decided both by the Fed and the ECB.”