The Swiss Financial Market Supervisory Authority’s decision to grant Credit Suisse operational risk capital relief for a sold business could prompt other supervisors to follow suit, bankers say.
Credit Suisse was given the green light by Finma to write off Sfr2.5 billion ($2.6 billion) of operational risk-weighted assets (RWAs), most of which were held against its US private bank, which was sold to Wells Fargo in 2015. The bank had petitioned the regulator for relief last year.
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