G-SIB rules keep European bank mergers off table

BNP Paribas
By Craig McGlashan, Nell Mackenzie
02 Nov 2017

BNP Paribas' management team used the French bank's third quarter earnings call to quash rumours that it was pursuing a major cross-border acquisition in Europe, after the bank was linked to a bid for Commerzbank in September.

Lars Machenil, the bank’s chief financial officer, said the bank was interested in “organic growth” during a discussion with analysts after its Q3 results presentation, pointing out that debt regulation still hurt the bank's capacity to pursue major mergers.

The "G-SIB assessment", used by the Basel Committee and Financial ...

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