PARIS Feb 20 French investment bank Natixis
said on Thursday it does not have to comply with new
rules for international banks in the United States, despite
appearing on the watch list of the Federal Reserve.
The Fed on Wednesday released names of the 17 biggest
foreign banks, Natixis among them, it estimates may need to set
up a new structure that meets the same capital and liquidity
requirements as U.S. banks.
A Natixis spokeswoman said the bank had less than the $50
billion threshold in its own assets and would not have to create
a new structure in the United States for now.
"Today, Natixis does not reach the threshold of $50 billion,"
Natixis posted a 10 percent rise in underlying
fourth-quarter net profit on Wednesday due to cost-cutting and
promised to return more cash to shareholders.
Natixis had 304 billion euros under management in its asset
management business in the United States as of end-2013, versus
320 billion euros in Europe.
Societe Generale, which was also on the list, had
no immediate comment.