Risk USA: Deutsche Bank's 'painful' living will process
German bank tells of challenges posed by regulators' recovery and resolution requirements
Setting up a living will process has been a difficult experience for Deutsche Bank, the bank's head of internal capital models told the Risk USA conference in New York yesterday.
Volker Weis told delegates that Deutsche Bank's existing framework had to be adjusted or enhanced in order to cope with something that the regulators would eventually accept. "We went through a very painful process," he
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