G-SIB rules keep European bank mergers off table
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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