BNP Paribas' MREL Update: Strengthening Financial Stability
BNP Paribas Announces Updated MREL Requirements
Important Notification
Recently, the BNP Paribas Group received a crucial notification from the Autorité de Contrôle Prudentiel et de Résolution (ACPR). This notification implements a decision from the Single Resolution Board regarding the updated Minimum Requirement for Own Funds and Eligible Liabilities (MREL) that will be effective immediately.
The total MREL requirement has now been adjusted to 22.19% of the Group's Risk Weighted Assets (RWA) and 5.91% of the Group's leveraged exposures, to which the Combined Buffer Requirement (CBR) must be added.
Understanding the Requirements
For the BNP Paribas Group, the subordination requirement comprises a notable part of this adjustment. The applicable MREL for the Group is set at 14.78% of RWA and 5.75% of the Group's leveraged exposures, again with the CBR requirement added on top.
Current Performance Against MREL
As of the end of March, the Group has demonstrated a robust financial position, surpassing the new MREL requirements with a total MREL ratio standing at an impressive 29.8% based on RWA. Additionally, the Group's subordinated MREL ratio is reported at 27.1% on the same basis. For leverage exposures, these ratios were healthy at 9.0% and 8.2%, respectively.
About BNP Paribas
BNP Paribas is a leader in the banking and financial services sector in Europe. The organization operates across 64 countries, employing approximately 178,000 individuals, more than 144,000 of whom are situated throughout Europe. The Group excels in three core areas: Commercial, Personal Banking & Services, Investment & Protection Services, and Corporate & Institutional Banking, catering to a diverse clientele ranging from individuals to large corporations.
Continued Expansion and Global Reach
The Group continues to expand its integrated banking model throughout key markets, including various Mediterranean countries and parts of Eastern Europe. As a significant player in the international banking landscape, BNP Paribas holds strong positions not only in Europe but also has a notable presence in the Americas and a rapidly developing business in the Asia-Pacific region.
Corporate Social Responsibility Initiatives
BNP Paribas remains committed to sustainable development through its Corporate Social Responsibility approach intertwined within all business operations. This not only strengthens the Group's performance but also contributes positively to a sustainable future.
Press Contacts
Sandrine Romano – Contact via email: sandrine.romano@bnpparibas.com | Phone: +33 6 71 18 23 05
Hacina Habchi – Contact via email: hacina.habchi@bnpparibas.com | Phone: +33 7 61 97 65 20
Frequently Asked Questions
What are the new MREL requirements for BNP Paribas?
The updated MREL requirements are set at 22.19% of RWA and 5.91% of leverage exposures, including the CBR.
How does BNP Paribas stand regarding these new MREL ratios?
BNP Paribas has a total MREL ratio of 29.8% and a subordinated MREL ratio of 27.1%, indicating a strong position.
What are the core areas of service at BNP Paribas?
BNP Paribas operates in Commercial, Personal Banking & Services, Investment & Protection Services, and Corporate & Institutional Banking.
How many employees does BNP Paribas have globally?
The Group employs approximately 178,000 individuals across 64 countries worldwide.
What is BNP Paribas's approach to sustainability?
BNP Paribas integrates Corporate Social Responsibility into all its activities, focusing on sustainable development while ensuring performance.
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