EU G-Sibs cut $14 billion in op risk

The eight European global systemically important banks (G-Sibs) shed an aggregate $14.3 billion of operational risk-weighted assets in the third quarter of the year.

Banco Santander posted the largest decline – at 7% – with operational RWAs falling to $70 billion from $75 billion in the second quarter. Nordea and Societe Generale reported the smallest decline – at 0.5% – with op RWAs down $0.1 billion and $0.3 billion, respectively.

While none of the banks sampled posted higher op RWAs over the

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