EU exposures carve-out cuts BNPP’s G-Sib surcharge once more
French bank remains sole beneficiary of intra-bloc cross-jurisdictional activity waiver for the second consecutive year
A European Union-specific tweak to the scoring mechanism behind the Basel Committee on Banking Supervision’s assessment of global systemically important banks (G-Sibs) has won BNP Paribas lower capital requirements for a second year – the only bank among the 17 EU dealers included in this year’s exercise to benefit from it.
Since 2022, a parallel systemic risk score is calculated for banks headquartered in the European Banking Union, which treats all intra-EBU exposures as domestic ones, thereby
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