ECB ratchets up Pillar 2 charges across top lenders
UniCredit, BNP Paribas, SEB and Swedbank worst-hit in latest SREP round
The European Central Bank (ECB) raised the Pillar 2 requirements (P2R) of five systemic lenders in its annual review of capital charges, saddling UniCredit and BNP Paribas with the largest increases.
The latest Supervisory Review and Evaluation Process (SREP) put UniCredit’s P2R at 1.13% of Common Equity Tier 1 (CET1) capital, up 15 basis points from the previous assessment, and BNP Paribas’ at 0
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