BNP Paribas Pension Fund Ban

The video discusses BNP's loss of access to US pension assets due to a temporary exemption not being extended by the Labor Department. Despite BNP's minor role, this decision reflects a potential policy shift towards stricter exemption granting. The video also compares BNP's situation with larger banks like Citigroup and JP Morgan, which have received waivers despite penalties.

What was the reason for BNP reaching a settlement with the Justice Department?

What does the Labor Department's recent decision imply about the exemptions granted to BNP?

How has the Labor Department's approach to granting exemptions changed since 2014?

What impact does the loss of the exemption have on BNP's business regarding US pension assets?

What is the significance of larger banks receiving waivers despite penalties?