November 26, 2024 (NO COMMENTS)

Crédit Agricole is set to incur a 50-basis-point increase in its capital buffer requirement at the turn of 2026, having climbed up the risk scale in this year’s global systemically important bank (G-Sib) assessment by the Financial Stability Board. France’s second-largest bank by assets moved from surcharge bucket 1 to bucket 2, which attracts a higher G-Sib capital add-on of 1.5%. According to the Basel Committee’s methodology, based on end-2023 indicators, Crédit Agricole’s G-Sib score expanded