Deutsche Bank's strategic plan aims to simplify and de-risk the bank, improve efficiency, and enhance client service. The bank's strong balance sheet provides flexibility for executing the plan, with capital ratios exceeding regulatory requirements and a significant portion of the balance sheet funded by long-term sources. The German bail-in law offers greater protection for various creditors by subordinating senior unsecured debt, affecting senior unsecured ratings and CDS prices. Rating agencies have separate counterparty obligation ratings for products like deposits and derivatives.
doj/DataSet10/EFTA01377162.pdf
{"document_type":"correspondence","key_locations":["Germany"],"document_subtype":"memo","key_organizations":["Deutsche Bank"]}