Today, the Federal Reserve published results of its 2020 Dodd-Frank Act Stress Tests (DFAST) and Comprehensive Capital Analysis and Review (CCAR).
For the second year in a row, our primary U.S. regulator did not object to the DBUSA capital plan on a quantitative or qualitative basis. This is good news and an important step forward, demonstrating that our bank’s transformation is squarely on track.
Change takes time, and through focus, discipline and investment, we are making tangible progress. This progress is well recognized by our shareholders, our clients and our regulators. It is our firm commitment that we will not let up in our effort to further improve our processes and controls, and our focus will be at least as rigorous here as in implementing the rest of our strategy.
Thank you to all of colleagues in America, the UK and Germany for their dedication and hard work to ensure we improve further.
Christiana Riley & Christian Sewing