The special one: a eurozone G-Sib waiver for BNP Paribas
Experts say French bank’s G-Sib buffer could fall to 1%, saving €3 billion in regulatory capital
The Council of the European Union is an institution specifically designed to allow member states to represent their national interests within the supranational framework, up to a point. But a proposed French amendment to new bank capital requirements that might benefit only one bank – France’s BNP Paribas – could be stretching the point a bit too far.
The proposal would modify the way the EU implements capital buffers for global systemically important banks (G-Sibs). The G-Sib list is drawn up
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