Is it correct to assume that we are allowed under the current Standard to exclude from target setting scope the following activities:
a) the Bank can exclude all listed equity and bonds bought by its Wealth Management and Brokerage House Departments based on the reference to Table 5.2 (page 55 of FI Guidance) which defines the boundaries by asset type and where the following activities are out of scope activities: ”Advisory services (e.g., Mergers and acquisitions), debt and equity underwriting, brokerage-securities and commodities, trading securities and commodities, credit guarantees, insurance contracts, transaction services”
b) the bank may also decide to exclude its Asset Management subsidiary, provided that the Bank discloses the exclusion in a transparent manner in the Submission Form