The French financial service provider’s CET1 ratio is expected to be around 20 basis points lower at the end of 2023.
An onsite inspection by the European Central Bank (ECB) into Société Générale’s structured products business has led to the group’s common equity tier 1 (CET1) ratio being lowered by approximately 20 basis points, according to Claire Dumas ( pictured ), chief financial officer, Société Générale. By the end of the year, the regulatory topics should have an impact of 50 basis points instead of 30 basis points previously, based o
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