Credit Suisse Risk Organization Strategic Goals and Performance
Notes
General notes
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Throughout this presentation rounding differences may occur
Results excluding certain items included in our reported results are non-GAAP financial measures.
Estimates and assumptions are based on currently available information and beliefs, expectations and opinions of management and include all known facts and decisions as of June 28, 2022. Actual results may
Unless otherwise noted, all CET1 capital, CET1 ratio, Tier 1 leverage ratio, risk-weighted assets and leverage exposure figures shown in these presentations are as of the end of the respective period
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Private Banking Switzerland refers to the Private Banking unit within the Swiss Bank division
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Mandates reflect advisory and discretionary mandate volumes
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Mandate penetration reflects advisory and discretionary mandate volumes as a percentage of AuM, excluding those from the external asset manager business
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Client Business Volume includes assets under management, custody assets and net loans
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Custody assets includes assets under custody and commercial assets
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Specific notes
† Regulatory capital is calculated as the average of 13.5% of RWA and 4.25% of leverage exposure and return on regulatory capital, a non-GAAP financial measure, is calculated using income/(loss) after tax and assumes a tax rate of 25% from 2020 onward. For the
Investment Bank, return on regulatory capital is based on US dollar denominated numbers. Return on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology. Adjusted return
on regulatory capital excluding certain items included in our reported results is calculated using results excluding such items, applying the same methodology.
+ Return on tangible equity, a non-GAAP financial measure, is calculated as annualized net income attributable to shareholders divided by average tangible shareholders' equity. Tangible shareholders' equity, a non-GAAP financial measure, is calculated by deducting
goodwill and other intangible assets from total shareholders' equity as presented in our balance sheet.
Our ambition to release USD >3 bn of capital from the Investment Bank over 2021-2022 and our ambition to invest CHF -3 bn of capital in Wealth Management over 2021-2024 is based on an average of 13.5% risk-weighted assets and 4.25% leverage exposure.
Abbreviations
ABS Asset Backed Securities; AM Asset Management;
Bank of International Settlements;
APAC Asia Pacific; API Application Programming Interface; ATM Automated teller machine; AuM Assets under Management; BCBS Basel Committee on Banking Supervision;
BIS
bps basis points; C/ Cost/income; CAGR Compound annual growth rate; CBV = Client Business Volume; CCO Chief Compliance Officer; CET1 Common Equity Tier 1; CHF Swiss Franc;
CIO Chief Investment Officer; COO Chief Operating Officer; CRO = Chief Risk Officer; CSX = Credit Suisse X; CTF = Commodity Trade Finance; CTOO = Chief Technology and Operations Officer; DCRC = Divisional Client Risk Committee;
DPB = Digital Private Bank; EAM External Asset Manager; ECB = European Central Bank; EMEA = Europe, Middle East and Africa; ESG=Environment, Social and Governance; EU European Union; EUR = Euro; FED Federal Reserve;
FIDLEG Finanzdienstleistungsgesetz; FINMA = Swiss Financial Market Supervisory Authority; FTE = Full time equivalent; FX Foreign Exchange; FY = Full year;
GAAP Generally Accepted Accounting Principles;
GCRC = Group Client Risk Committee; GTS Global Trading Solutions; HNW = High Net Worth; IB = Investment Bank; IG = Investment Grade; IT Information Technology; LTM = Last twelve months; LTV Loan-to-value ratio;
Managing Director; MiFID = Markets in Financial Instruments Directive; NIG Non-investment grade; NNA Net New Assets; PB Private Banking; PBI Private Banking International; PCL = provision for credit losses;
PTI Pre-tax income; RM Relationship Manager; RoRC Return on regulatory capital; RWA Risk-weighted assets; SB Swiss Bank; SNB Swiss National Bank; SRR = Strategic Regulatory Remediation;
TCFD = Task Force on Climate-Related Financial Disclosures;
US United States;
United States Dollar; vs. versus; WM Wealth Management;
YTD = Year to date
MD
UHNW Ultra High Net Worth; UK United Kingdom;
USD
pp. percentage points;
YoY Year on year;
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