According to reports, Yu Xin Bank and Deutsche Bank held their first formal consultations regarding changes in regulatory control.

Yuxin Bank and Deutsche Bank held their first formal consultation on how to respond to the regulatory control changes anticipated by the latter. Deutsche Bank's stance is shifting from attempting to block the changes to facilitating a transition. According to sources, last Friday, Yuxin Bank's CEO Andrea Orcel spoke with Deutsche Bank's CEO Bettina Orlopp, focusing on the accounting, legal, and risk management implications that would arise once the European Central Bank treats Deutsche Bank as a subsidiary of Yuxin Bank and requires the implementation of consolidated supervision. The sources noted that several other senior executives from both sides also participated in the meeting, paving the way for further consultations in the coming months.