Moorad Choudhry, Treasurer at Corporate Banking Division at The Royal Bank of Scotland, discusses:

- Lower-return regime - primary challenge facing banks right now;
- Reduction in value-added proposition in certain sectors or products - withdraw - job losses;
- Strategy proposition - back-to-basics mode - less focus on Return on Equity and more on genuine value-added -  e.g. risk-adjusted ROE;
- Asia banks - Universal Bank model - CIMB - risks in pursuing this strategy going forward;
- Whether new liquidity regime imposed by Basel III too onerous from the standpoint of choking GDP and growth;
- Cash as a 'safe' haven.

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