Anne Marion-Bouchacourt: «We are in a much better position»

Societe Generale's country head for Switzerland spoke to finews.tv on a range of topics from retaining talent at the French bank to the way Russia's war in Ukraine is affecting its trade commodity finance business.

Banking is all about managing risk, but within trade finance, this is especially important, Anne Marion-Bouchacourt told finews.tv.  Although the French bank has exited some of its relationships with commodity trading companies since the war started in Ukraine, it will continue to make loans to trade commodity firms, which still makes up for a large part of the bank's business in Switzerland.  

In view of the upcoming challenges facing the economy, Marion-Bouchacourt says the industry is much better set up than during the financial crisis with regulators not only asking banks more questions but also the right kind of questions.  

In the conversation Marion-Bouchacourt also talks about the efforts financial institutions need to put into selecting sustainable companies.