BNP Paribas integrated exposures stemming from auto leasing subsidiary Arval into its credit and operational risk frameworks ahead of Basel III implementation next year, generating €20.2 billion ($21.5 billion) in new risk-weighted assets (RWAs) in the third quarter.
In 2021, the European Banking Authority revised rules around simplified weighting of assets in banking groups’ non-bank subsidiaries, a restriction set to expand further under Basel III regulations due to be implemented in the
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