Head to Head with Michel Péretié: SG’s IB head looks to the future with advisory push and client-driven model

After surviving not only the global financial crisis but also the upheaval caused by the Kerviel losses, Michel Péretié, chief executive of Société Générale’s investment bank, tells Mark Baker that the more expensive liquidity and capital provisions resulting from Basel III will mean the bank is forced to be more selective about its clients. The increasingly complex monitoring of banks could also see the shadow banking sector taking over from banks in some areas, and it is in this unregulated industry that the next crisis may emerge.