Handful of EU banks reap benefits from domestic exposure carve-out

BNP Paribas, ING Bank and UniCredit account for more than three-fourths of G-Sib score savings from favourable intra-EU risk calculation

Benefits from a more favourable treatment of some intra-European Union exposures in this year’s assessment of global systemically important banks (G-Sibs) have overwhelmingly accrued to just three of the 17 participating banks – BNP Paribas, ING Bank and UniCredit – with only one reaping concrete capital requirement savings.

The latest exercise introduced a parallel benchmarking of lenders headquartered inside the European Banking Union (EBU), which treats intra-bloc exposures as domestic, thus