Catching the Basel ‘tail wind’


Management ability, prudence and integrity combined with an adroit understanding of financial engineering were not enough to become chief risk officer at Eulia, France’s third largest bank, as measured by shareholders’ equity. The role also requires considerable patience and political acumen. Eulia – a roughly equal joint venture between Caisse des Dépôts (CDC) and Caisse d’Epargne, the French savings bank co-operative, set up in 2001 – is the public sector and co-operative banks’ answer

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