Credit Suisse seeks capital relief for resolution unit

Finma to rule on whether divesting businesses can reduce op risk RWAs

Photo of Swiss coin

Credit Suisse is seeking regulatory approval for a plan that would slash operational risk capital requirements for its Strategic Resolution Unit, which houses its non-core assets and business lines.

The discussions with the Swiss financial regulator, Finma, concern operational risk-weighted assets (RWAs) linked to businesses the unit has divested over the past 18 months – such as US private banking, which it exited in late 2015.

Credit Suisse and Finma declined to comment on the discussions

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