A deal struck with the Swiss financial regulator, Finma, helped Credit Suisse cut the risk-weighted assets of its strategic resolution unit by almost a third in the first quarter.

The SRU’s total RWAs fell from $34.4 billion to$23.3 billion, or 32%, in the first three months of the year. The reduction was driven largely by a shake-up in operational RWAs authorised by Finma.