Commerzbank
Deutsche-Commerz merger would birth giant G-Sib
The combined bank would likely attract 2.5% G-Sib surcharge
Many EU banks’ sovereign portfolios highly concentrated
Forty-eight lenders have more than three-quarters of sovereign risk allocated to home country
ING reaps third-quarter CVA capital savings
Intesa and Caixabank also see CVA charges decline
Capital sharing caps hit over half of EU stress test banks
Capital conservation measure saves 25 banks €52 billion over stress-test period
Big EU banks lost €22bn capital on IFRS 9 switch
Italian banks saw the largest capital depletion, losing €9 billion (8.9%) of CET1 capital on the transition
European credit model outputs vary wildly
Risk densities range widely and out-of-sync with average probabilities of default
Hedging figures show doubt over US crude export plans
Producers sceptical that better infrastructure will allow US exports to relieve crude pressures
People moves: TSB chief exec quits, Eurex loses two execs, new cyber chief at Commerzbank, and more
Latest job changes across the industry
Standardised market RWAs on the rise at EU banks
Standardised approach-generated RWAs increase €4.7 billion across 12 banks
Trade finance under new stress as commodity markets realign
Higher tariffs, sanctions and Brexit are leading to a reassessment of trade finance arrangements
Asia moves: SGCIB makes two promotions, Natixis hires three heads, and more
Latest job changes across industry
EU bank leverage increases in H1
Average leverage ratios degrade 19 basis points in six months to June
European banks junk op risk modelling
Barclays and BNP Paribas move to standardised approach in the second quarter
Top European banks shed $32 billion in op risk
5% average drop across 16 European banks reported quarter to quarter
Commerzbank VAR jumps on Italian turmoil
Sovereign bond yield spike hits public finance portfolio
European banks op risk losses dominated by business failures
Losses relating to accident and neglect account for 38% of op risk losses at eight big dealers
Over one-quarter of EU bank credit exposures overseas
Spanish banks exhibit highest level of overseas risk, Nordic banks the lowest
G-Sib swap portfolios reveal transatlantic divide
EU banks record 16% fall in non-cleared swaps, while US dealers see 9% growth
Italian banks hardest hit by IFRS 9 transition
Risk Quantum analysis of 36 banks from 11 European Union countries found that capital declined on average by 34bp between December 31, 2017, and March 31, 2018
Commerzbank cuts loan charges in wake of IFRS 9
German lender posts “risk result” – costs associated with changes to loan-loss provisions and remeasurement of assets – of €77 million in March
Germany house of the year: Commerzbank
Structured Products Europe Awards 2017
People moves: UBS hires new Apac investment bank vice-chair
Also: Commerzbank’s trade finance Asia head; Blackstone nabs JPM Japan chief; and others
Exchange-traded funds house of the year: Commerzbank
Structured Products Asia Awards 2017: While exchange-traded funds are still not quite mainstream instruments in Asia-Pacific, Commerzbank has employed a smart approach to efficiently drive growth