Societe Generale : Improvement in solvency with a view to Basel IV
>Solvency now compatible with Basel IV - With a CET1 raised to 12.0% as of end-June, Société Générale is now in a better position to deal with regulatory impacts. Accordingly, factoring in measures that have still to be introduced along with the regulatory impact of TRIM, we calculate a CET1 of 12.8% at end-2021. Société Générale’s initial estimate is for a Basel IV impact of -110bp. But this does not seem to include the measures for adjusting to the new rules once th...Societe Generale is a universal banking and financial services group based in France. Co. is engaged in operations in areas such as retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Co.'s three segments are: French Retail Banking (FRB); International Retail Banking & Financial Services (IBFS); and Global Banking and Investor Solutions (GBIS). FRB offers products and services to individual, professional and business customers; IBFS comprises banking networks and consumer finance activities; and GBIS covers global activities of Corporate and Investment Banking. Co. maintains operations across 76 countries globally.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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