Bank of Nova Scotia (NYSE:BNS)

$ 47.085 -0.525 (-1.1%) Market Cap: 57.73 Bil Enterprise Value: 239.79 Bil PE Ratio: 10.35 PB Ratio: 1.13 GF Score: 77/100

Bank of Nova Scotia at National Bank Financial Services Conference Transcript

Mar 29, 2023 / 01:45PM GMT

Release Date Price: $50.01 (+2.00%)

Transcript

Unidentified Analyst

All right. Our next speaker is Phil Thomas, Chief Risk Officer of Scotiabank. Phil has been in that role for 1.5 years, which would mean you were hitting at around a very -- things were looking up at that point in time from a risk standpoint. Obviously, a different environment today. Thanks, Phil, for joining us and answering my questions.

Questions & Answers

Unidentified Analyst

I want to start -- I don't want to get too accounting here, but -- in the weeds, I mean, but there's a lot of questions around the economic outlook. And from a Chief Risk Officer standpoint, that economic outlook feeds into how you set your provisions. And then under IFRS 9, as we all know, there can be a lot of swings in the provisions, depending on what goes bump in the night. Maybe we can spend a few minutes talking about what you're seeing -- what your most recent outlook look like and then if anything is possibly changing given recent events.

Philip M. Thomas

The Bank of Nova Scotia - Chief Risk Officer

Sure. And

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