CEO of Goldman Sachs GroupSolomon (David Solomon）He said he believes M&A and listing activity will find a comfortable level, although uncertainty has led to slowing investment banking activity.

SolomonIn an interview on Tuesday, he said:“If this uncertainty starts to intensify from now on, yes, you don’t see as much capital activity – but it will calm down,” he said. “People need to trade, they need to raise, they need to provide liquidity for their investments. It’s just a reset of expectations.”

The bank executive warned that the current level of policy certainty is not conducive to the open and private markets, where his company holds more and more shares. In an interview before the annual investment meeting of Norwegian sovereign wealth funds in Oslo,SolomonWarnings say as corporate executives place expense management as a key priority of the year,Layouts may increase.

Solomonexpress:“Policy actions to date have raised uncertainty to the point where I believe it is not conducive to investment and growth."When I talk to the CEOs, to our clients, they are suspending their investments and they are definitely tightening their belts," he said. ”

Although the second quarter started relatively weak and many IPOs were suspended,SolomonThere is no preparation to deny the industry's hopes of a rebound in M&A activity later this year or next year. He noted that private equity trading activities and transaction size exceededThe number of US$500 million in M&A transactions actually increased in the first quarter.

Solomonexpress:“Capital market activity grew year-on-year in the first quarter,” he said. “If this uncertainty starts to intensify from now on, yes, you don’t see as much capital activity.But I personally think that the situation will calm down, the policy outlook will be clearer, and the capital market will be normalized.”

Although trading activity has remained below expectations so far this year, the bank’s trading division has benefited from the uncertainty of the open market: Goldman Sachs stock traders recorded record quarterly results for the first three months of the year, reflecting a general trend on Wall Street.

SolomonHe said he was encouraged by the news he heard from the U.S. Treasury Department about the relaxation of banking regulations. He also expressed his views on regulation in Europe, where a major German stimulus plan has improved the region's growth prospects while the U.S. market lags relatively.

The financial executive said he hopes Brussels officials can revoke regulatory rules that hinder synergistic growth in capital markets and banking integration.

Speaking of Europe, he said:"I do feel a determination and excitement about actually advancing the work, breaking some of the regulatory barriers here that suppresses growth, that would be very constructive. Taking more stimulating fiscal measures here will also benefit growth."