With thanks to DoneDeal.ie E151 - Derek Kehoe, CEO BNP-Paribas, IrelandCorporate and Institutional banking is their main business in Ireland They're not planning on opening branch banking in IrelandHe talks about issues around mortgages in Ireland - and the fact that some don't have to pay them back.He explains how the CEO in Paris 'knocked people's heads together', to get units in different countries to work as one bankPeople have to be judged on their quantitative and qualitative performance as part of the way to 'make' staff work togetherHe explains how expensive Paris is compared to Dublin...when all charges are included, it's very, very interesting'We have benefitted from Brexit' - and he talks about the crack in the windscreen eventually shattering...and what that means to London as a financial centreAutomation means that trading is now handled by computers, rather than noisy traders but he says that there will still room for Arts graduates, not just mathematicians and their algos (algorithms!)Sustainable finance could/should be part of the future for growth of financial services in IrelandHe is very positive on Ireland having a Minister for Financial Services within GovernmentPersonal taxation and a 'general hostility' towards financial services are impediments to further growth of the sector in Ireland and in attracting international financial services to the country.The Financial Regulator is tough but firm and he says the Regulator needs to be tough.Hiring people at BNP Paribas is not a problem at the moment (having seen staff churn at 15% in Q2, 2022)And who would he 'hire in a heartbeat' - Prof Luke O'NeillFind all episodes at www.ThatGreatBusinessShow.com Hosted on Acast. See acast.com/privacy for more information.

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