Eurozone G-Sib waiver cuts BNP Paribas a break

New carve-out of intra-bloc exposures prompts drop in French bank’s surcharge

A review of the treatment of cross-border exposures within the European Banking Union won BNP Paribas a lower capital surcharge in the latest assessment of global systemically important banks (G-Sibs).

Beginning this year, the Basel Committee on Banking Supervision (BCBS) and the European Central Bank introduced a complementary systemic risk score for EBU banks. This treats a portion of intra-bloc exposures as domestic ones, thus lowering the impact of cross-jurisdictional claims and liabilities

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