Speaker: Olivier Gavalda, CEO What we learned: . New CEO: Comes in with the aim to preserve the group''s model, to keep strong entities, decentralisation and universality, with a caring and demanding approach. Want to improve the cohesiveness between group entities, develop synergies. . Environment/tariffs: CASA sees good levels of activity overall, but regionally some corporates might be in wait-and-see mode. Still optimistic on European response and outlook, even navigating uncertain French politics. Capital markets union, while difficult, has to happen in their view to help build strong alliances and institutions. . French retail and group''s priorities: BforBank, CA and LCL - three brands aiming for more focus and more distinctiveness, but also more cooperation, to decrease the cost to serve customers in France. Another priority is to improve the technologies and efficiency of people/resources. Will try to preserve the group''s current RoE and support growth in Europe (Germany, Poland/Ukraine, Italy, Belgium, maybe Iberia too). Overall tone: The new CEO''s tone was overall neutral to positive, and CASA keeps running ahead of targets.