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    Matthew Rosso

    Research Analyst at RBC Capital Markets

    Matthew Rosso is an Associate Director at RBC Capital Markets, specializing in investment banking with a focus on corporate finance across multiple sectors. He previously served as a Vice President at Sumitomo Mitsui Banking Corporation, and his career spans key analytical and leadership roles at major financial institutions. Rosso is noted for his client coverage and deal execution, consistently delivering strong results in transaction advisory and capital markets projects. He holds relevant securities licenses and maintains FINRA registration as required for his position.

    Matthew Rosso's questions to CREDIT AGRICOLE S A (CRARY) leadership

    Matthew Rosso's questions to CREDIT AGRICOLE S A (CRARY) leadership • Q4 2024

    Question

    Matthew Rosso asked about the assumptions behind the provisions taken for the U.K. motor finance issue, particularly regarding the upcoming Supreme Court ruling. He also questioned if similar regulatory actions on discretionary commissions are expected elsewhere in Europe.

    Answer

    Executive Jerome Grivet characterized the provision as preliminary, noting the limited number of claims received and the U.K. government's call for moderation. He expressed confidence the issue will not be major for the group due to its small market share, a loss-sharing agreement with Stellantis, and a history of compliance. He added that the bank does not currently foresee similar disputes arising in other areas.

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