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.
The regulator allowed the bank to write-off Sfr2.5 billion ($2.6 billion) of operational RWAs, most of which were held
The week on Risk.net, May 12-18, 2018Receive this by email