Bank of Montreal Q4 2018 Earnings Call Transcript

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

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Just a quick one on KGS-Alpha. Did I miss that the quantification of the core Tier 1 impact at 22 basis points at some point, it's still a pretty chunky $600 million-plus of capital. I was wondering what the -- it was so large?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Okay. And my next question is for Pat, and he did allude to some of the moving pieces behind how you -- the influences on your stage 1 and stage 2 allowances, in answer to Meny's questions, I'm just wondering which ones are -- matter more? So you got these optimistic base case and pessimistic scenarios and some banks seem to have done this, big drop in the pessimistic scenario followed by a sharp recovery and others have been more like lower for longer GDP growth. I mean, would you have a similar outcome if you fell in one camp or the other? Do the probabilities matter more? Or what's the kicker?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : That's helpful. But if I can sneak in another one there. Just the -- you did mention you've changed some of the weightings last quarter and this quarter. What drives you to do -- what did you do? And what drove you to do that? 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. DECEMBER 04, 2018 / 1:00PM, BMO.TO - Q4 2018 Bank of Montreal Earnings Call

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Kind of case specific.