Credit Suisse sheds $11bn in op risk RWAs

Regulator allowed Swiss bank to cut op risk exposure from defunct business

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

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