If you look at it more locally, state guaranteed institutions are seeing significant inflows . part-nationalized banks or those with an implicit state guarantee. Alexandre Zeller More Quotes by Alexandre Zeller More Quotes From Alexandre Zeller We are a global bank... There is no way we are going to say we don't do business with the US so clearly it's about finding the best way to implement this new regulation. Alexandre Zeller summit-news We are telling (clients) very honestly nobody knows how this is going to evolve and you have to be extremely careful in terms of your exposure. Alexandre Zeller summit-news It has been an accelerating factor in the last few weeks, we have observed a flight to safety. Banks with solid balance sheets, with conservative management and approach to the markets, are seeing significant inflows on a global scale. Alexandre Zeller summit-news