Royal Bank of Canada Q2 2020 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : First of all, thanks for all the disclosures and especially on the impact of downgrades and your commentary, Rod. On one hand, I could say that you're conservative. But on the other hand, you also have about 43% of your wholesale portfolio with non-investment grade credits. Like how would you address that dichotomy?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Right. And while I have you, Graeme, we're -- people are going to ask about your PCL expectation for Q3 and Q4, and that's important. But I'd like to know, and you alluded to it, the outlook for peak gross impaired loans, like when do you expect that to take place in roughly what level? Because that's ultimately going to dictate if the provisions you're taking now next quarter are sufficient or more than sufficient. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. MAY 27, 2020 / 12:15PM, RY.TO - Q2 2020 Royal Bank of Canada Earnings Call

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Early 2021?

Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst : Graeme, when the bank had hosted an Investor Day a couple of years ago, I think one of the benefits of the tech and the data infrastructure, I think, was highlighted was a better risk management, I guess, perspective. Is there any way to quantify how much of a benefit would have been reflected here? Or maybe put it differently, how much higher would your provisions had been had you not had the benefit of the investments you had made in technology and data and the like previously?