Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 122

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 122
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 USA Corporation was 13.9% and for DWS USA Corporation was 5.6%. This SCB became effective October 1, 2024, and will remain in effect until September 30, 2025, at which point the size of the SCB for each of Deutsche Bank’s IHCs will be recalibrated based on the results of the 2025 stress tests, which are expected to be released in June 2025. In December 2024, a group of trade associations representing banking organizations in the United States sued the Federal Reserve for allegedly violating the Administrative Procedure Act by developing annual stress-testing hypothetical scenarios and models – which are used in the annual supervisory stress testing process to calculate an institution’s SCB – without publishing the hypothetical scenarios and models for public comment. In the same month, the Federal Reserve announced that it will soon seek public comment on significant changes to improve the transparency of its bank stress tests and to reduce the volatility of resulting SCB requirements. These changes may include: (i) disclosing and seeking public comment on the models that determine the hypothetical losses and revenue of banks under stress; (ii) averaging the stress test results over two years to reduce the year-over-year changes in the SCB; and (iii) ensuring that the public can comment on the hypothetical scenarios used annually for stress testing, before the scenarios are finalized. Large U.S. bank holding companies and certain of their subsidiary depositary institutions are subject to LCR requirements that are generally consistent with the Basel Committee’s revised Basel III liquidity standards. These LCR requirements are applicable to DB USA Corporation, DWS USA Corporation and DBTCA. The current LCR requirements applicable to these entities provide for 85 percent coverage of net outflows over a projected 30-day period. These firms are required to publicly report LCR information on a quarterly basis.

| 70 |

| Deutsche Bank                   |
| Annual Report 2024 on Form 20-F |

On October 20, 2020, the Federal Reserve Board and other U.S. regulators finalized rules implementing the second element of the Basel III liquidity framework, the net stable funding ratio (“NSFR”). DB USA Corporation, DWS USA Corporation and DBTCA are subject a reduced NSFR requirement, reflecting 85 percent of the required stable funding amount, so long as the IHCs’ combined weighted short term wholesale funding remains below $75 billion. These firms are required to calculate the NSFR on a daily basis and to publicly report NSFR information on a semi