New York: The Board of Governors of the Federal Reserve System (the Federal Reserve) this afternoon announced the results of the 2020 Dodd-Frank Act Stress Tests (DFAST) and Comprehensive Capital Analysis and Review (CCAR) for DWS USA Corporation (DWS USA).
The Federal Reserve’s CCAR process is focused on assessing a firm’s capital planning processes and controls, risk management, and the ability to continue operations through periods of economic stress. Based on the CCAR assessment, the Federal Reserve had no objection to the proposed capital plan of DWS USA. DWS management is pleased with the assessment results, remains dedicated to meeting the expectations of Federal Reserve’s assessment, and is committed to maintaining a sound capital planning process. The DFAST results show DWS USA maintains minimum capital above each minimum regulatory capital ratio on a post-stress basis.
DWS USA is Deutsche Bank AG’s second US intermediate holding company (IHC), a wholly-owned subsidiary of the DWS Group, and had approximately USD 2 billion in total assets as of December 31, 2019.
About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with USD 772 billion of assets under management (as of 31 March 2020). Building on more than 60 years of experience and a reputation for excellence in Germany, across Europe and the Americas, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.
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|NOT FDIC/NCUA INSURED-MAY LOSE VALUE-NOBANK GUARANTEE
NOT A DEPOSIT-NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services. (75865-1) (5/20) DBX 4411 (5/21)