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Officials from the bank’s supervision wing, the Single Supervisory Mechanism, have told Germany’s largest bank that it will need to present its estimates of how an exit would affect its capital markets and derivatives business. [...]
The ECB’s request comes at a time when question marks remain over Deutsche’s longer term plans for its investment bank following the replacement of its chief executive John Cryan last week.
Deutsche Bank is the first bank supervised by the ECB to be asked to make the calculations.
“The ECB does not comment on individual banks,” the ECB said. “There are in general various exercises such as recovery plans which the supervisor asks banks to provide. In any case, the ECB does not intervene in any business model decision of banks.”
Full article on Financial Times (subscription required)