UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
November 29, 2017
Commission File Number 001-15244
CREDIT SUISSE GROUP AG
(Translation of registrant’s name into English)
Paradeplatz 8, CH 8001 Zurich, Switzerland
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F.
   Form 20-F      Form 40-F   
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
   Yes      No   
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-.





Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
CREDIT SUISSE GROUP AG
 (Registrant)
 
 
Date: November 29, 2017
By:
/s/ Joachim Oechslin
Joachim Oechslin
Chief Risk Officer
By:
/s/ David R. Mathers
David R. Mathers
Chief Financial Officer










For purposes of this report, unless the context otherwise requires, the terms “Credit Suisse,” “the Group,” “we,” “us” and “our” mean Credit Suisse Group AG and its consolidated subsidiaries. The business of Credit Suisse AG, the direct bank subsidiary of the Group, is substantially similar to the Group, and we use these terms to refer to both when the subject is the same or substantially similar. We use the term “the Bank” when we are only referring to Credit Suisse AG and its consolidated subsidiaries.
Abbreviations are explained in the List of abbreviations in the back of this report.
Publications referenced in this report, whether via website links or otherwise, are not incorporated into this report.
In various tables, use of “–” indicates not meaningful or not applicable.
Rounding differences may occur within the tables.





Pillar 3 and regulatory disclosures 3Q17
Credit Suisse Group AG

Introduction
Risk-weighted assets
Reconciliation requirements
Additional regulatory disclosures
List of abbreviations
Cautionary statement regarding forward-looking information





Introduction
General
This report as of September 30, 2017 for the Group is based on the revised Circular 2016/1 “Disclosure – banks” (FINMA circular) issued by the Swiss Financial Market Supervisory Authority FINMA (FINMA). The FINMA circular includes the implementation of the revised Pillar 3 disclosure requirements issued by the Basel Committee on Banking Supervisions (BCBS) in January 2015. This document should be read in conjunction with the Pillar 3 and regulatory disclosures – Credit Suisse Group AG 2016 and 2Q17, the Credit Suisse Annual Report 2016 and the Credit Suisse 3Q17 Financial Report, which includes important information on regulatory capital and risk management (specific references have been made herein to these documents) and regulatory developments and proposals.
The highest consolidated entity in the Group to which the FINMA circular applies is Credit Suisse Group.
This report is produced and published quarterly, in accordance with FINMA requirements. The reporting frequency for each disclosure requirement is either annual, semi-annual or quarterly.
These disclosures were verified and approved internally in line with our board-approved policy on disclosure controls and procedures. The information in this report is subject to the same level of internal control processes as the information provided by the Group for its financial reporting. This report has not been audited by the Group’s external auditors.
> Refer to “Pillar 3 and regulatory disclosures – Credit Suisse Group AG 2016” under www.credit-suisse.com/regulatorydisclosures for the annual qualitative disclosures required by the FINMA circular.
For certain prescribed table formats where line items have zero balances, such line items have not been presented.
Other regulatory disclosures
In connection with the implementation of Basel III, certain regulatory disclosures for the Group and certain of its subsidiaries are required. The Group’s Pillar 3 disclosure, regulatory disclosures, additional information on capital instruments, including the main features and terms and conditions of regulatory capital instruments that form part of the eligible capital base, G-SIB financial indicators, reconciliation requirements, leverage ratios and certain liquidity disclosures as well as regulatory disclosures for subsidiaries can be found on our website.
> Refer to www.credit-suisse.com/regulatorydisclosures for additional information.
2
Risk-weighted assets
Overview
The following table provides an overview of total risk-weighted assets (RWA) forming the denominator of the risk-based capital requirements.
OV1 – Overview of risk-weighted assets and capital requirements 
     
Risk-weighted assets		 Capital
requirement		 1
end of 3Q17 2Q17 4Q16 3Q17
CHF million   
Credit risk (excluding counterparty credit risk) 118,496 119,398 117,325 9,480
   of which standardized approach  10,612 10,854 11,916 849
   of which internal rating-based approach  107,884 108,544 105,409 8,631
Counterparty credit risk 27,477 25,721 31,859 2,198
   of which standardized approach for counterparty credit risk 2 2,968 2,869 3,214 237
   of which internal model method 3 24,509 22,852 28,645 1,961
      of which derivatives and SFTs  16,596 13,945 14,871 1,328
Equity positions in the banking book 8,525 9,581 11,183 682
Settlement risk 186 188 279 15
Securitization exposures in the banking book 9,925 10,515 10,089 794
   of which ratings-based approach  1,734 1,680 1,500 139
   of which supervisory formula approach  3,952 4,760 5,087 316
   of which standardized approach/simplified supervisory formula approach  4,239 4,075 3,502 339
Amounts below the thresholds for deduction (subject to 250% risk weight) 11,726 11,483 11,334 938
Total credit risk  176,335 176,886 182,069 14,107
Total market risk  19,080 18,049 23,248 1,526
   of which standardized approach  3,683 3,597 3,965 294
   of which internal model approach  15,397 14,452 19,283 1,232
Total operational risk  71,173 65,983 66,055 5,694
   of which advanced measurement approach  71,173 65,983 66,055 5,694
Floor adjustment 4 0 0 0 0
Total  266,588 260,918 271,372 21,327
1
Calculated as 8% of risk-weighted assets based on BIS total capital minimum requirements excluding capital conservation buffer and G-SIB buffer requirements.
2
Reported under the current exposure method.
3
Includes RWA relating to advanced credit valuation adjustment and central counterparties of CHF 7,808 million, CHF 8,796 million and CHF 13,717 million as of the end of 3Q17, 2Q17 and 4Q16, respectively.
4
Credit Suisse is not subject to a floor adjustment because current capital requirements and deductions exceed 80% of those under Basel I.
RWA movements in 3Q17
RWA increased 2% to CHF 266.6 billion as of the end of 3Q17 compared to CHF 260.9 billion as of the end of 2Q17, primarily driven by methodology and policy changes in operational risk and credit risk and a foreign exchange impact. These increases were partially offset by decreases resulting from movements in risk levels in credit risk.
RWA flow statements for credit risk, counterparty credit risk (CCR) and market risk are presented below.
> Refer to “Risk-weighted assets” (pages 62 to 64) in II – Treasury, risk, balance sheet and off-balance sheet – Capital Management in the Credit Suisse 3Q17 Financial Report for further information on movements in risk-weighted assets in 3Q17.
3
Risk-weighted assets flow statements
Credit risk and counterparty credit risk
The following table presents the definitions of the RWA flow statements components for credit risk and CCR.
Definition of risk-weighted assets movement components related to credit risk and CCR
Description Definition
Asset size  Represents changes arising in the ordinary course of business (including new businesses)
Asset quality/Credit quality of counterparties  Represents changes in average risk weighting across credit risk classes
Model and parameter updates  Represents movements arising from updates to models and recalibrations of parameters
Methodology and policy changes   Represents movements due to methodology changes in calculations driven by regulatory policy
changes, including both revisions to existing regulations and new regulations
Acquisitions and disposals  Represents changes in book sizes due to acquisitions and disposals of entities
Foreign exchange impact  Represents changes in exchange rates of the transaction currencies compared to the Swiss franc
Other  Represents changes that cannot be attributed to any other category
Credit risk RWA movements in 3Q17
The following table presents the 3Q17 flow statement explaining the variations in the credit risk RWA determined under an IRB approach.
CR8 – Risk-weighted assets flow statements of credit risk exposures under IRB
3Q17 RWA
CHF million   
Risk-weighted assets at beginning of period  108,544
Asset size (2,890)
Asset quality (46)
Model and parameter updates 124
Methodology and policy changes 842
Foreign exchange impact 1,310
Risk-weighted assets at end of period  107,884
Credit risk RWA under IRB decreased CHF 0.7 billion to CHF 107.9 billion as of the end of 3Q17 compared to CHF 108.5 billion as of the end of 2Q17, primarily driven by decreases related to asset size, partially offset by a foreign exchange impact and increases resulting from methodology and policy changes.
The decrease related to asset size mainly reflected the impact of hedging transactions executed in connection with managing the Group’s risk-weighted asset position, the sale of legacy asset management positions and the securitization of certain lending exposures.
The increase in methodology and policy changes was mainly due to an additional phase-in of the multiplier on income producing real estate exposures and an additional phase-in of a multiplier on certain investment banking corporate exposures.
Counterparty credit risk RWA movements in 3Q17
The following table presents the 3Q17 flow statement explaining changes in CCR RWA determined under the Internal Model Method (IMM) for CCR (derivatives and SFTs).
CCR7 – Risk-weighted assets flow statements of CCR exposures under IMM
3Q17 RWA
CHF million   
Risk-weighted assets at beginning of period  13,945
Asset size 2,331
Credit quality of counterparties (241)
Methodology and policy changess 396
Foreign exchange impact 165
Risk-weighted assets at end of period  16,596
CCR RWA under IMM increased 19% in 3Q17, primarily driven by increases relating to asset size mainly reflecting the expiration of a credit risk hedge and increases in derivative exposures.
4
Market risk
The following table presents the definitions of the RWA flow statements components for market risk.
Definitions of risk-weighted assets movement components related to market risk
Description Definition
RWA as of the end of the previous and current reporting periods  Represents RWA at quarter-end
Regulatory adjustment  Indicates the difference between RWA and RWA (end of day) at beginning and end of period
RWA as of the previous and current quarters end (end of day)    For a given component (e.g. VaR) it refers to the RWA that would be computed if the snapshot
quarter end figure of the component determines the quarter end RWA, as opposed to a 60-day
average for regulatory
Movement in risk levels  Represents movements due to position changes
Model and parameter updates  Represents movements arising from updates to model parameters and model changes
Methodology and policy changes   Represents movements due to methodology changes in calculations driven by regulatory policy
changes, including both revisions to existing regulations and new regulations
Acquisitions and disposals  Represents changes in book sizes due to acquisitions and disposals of entities
Foreign exchange impact  Represents changes in exchange rates of the transaction currencies compared to the Swiss franc
Other  Represents changes that cannot be attributed to any other category
Market risk RWA movements in 3Q17
The following table presents the 3Q17 flow statement explaining variations in the market risk RWA determined under an internal model approach.
MR2 – Risk-weighted assets flow statements of market risk exposures under an internal model approach

3Q17		 Regulatory
VaR		 Stressed
VaR
IRC
Other		 1
Total RWA
CHF million   
Risk-weighted assets at beginning of period  2,182 4,229 1,976 6,065 14,452
Regulatory adjustment 109 (208) (337) (29) (465)
Risk-weighted assets at beginning of period (end of day)  2,291 4,021 1,639 6,036 13,987
Movement in risk levels (286) (348) (13) 494 (153)
Model and parameter updates (76) 24 0 0 (52)
Methodology and policy changes 0 (40) 0 20 (20)
Foreign exchange impact 52 101 46 146 345
Risk-weighted assets at end of period (end of day)  1,981 3,758 1,672 6,696 14,107
Regulatory adjustment 428 739 184 (61) 1,290
Risk-weighted assets at end of period  2,409 4,497 1,856 6,635 15,397
1
Risks not in VaR.
Market risk RWA under an internal model approach increased 7% in 3Q17, primarily due to an increase in risk levels from risks not in VaR.
5
Reconciliation requirements
Balance sheet
The following table shows the balance sheet as published in the consolidated financial statements of the Group and the balance sheet under the regulatory scope of consolidation. The reference indicates how such assets and liabilities are considered in the composition of regulatory capital.
> Refer to “Principles of consolidation” (page 8) in Linkages between financial statements and regulatory disclosures – Differences between accounting and regulatory scopes of consolidation in the Pillar 3 and regulatory disclosures – Credit Suisse Group AG 2016 for information on key differences between the accounting and the regulatory scope of consolidation.
> Refer to “Note 3 – Business developments” (page 99) in the Credit Suisse 3Q17 Financial Report for information on changes in the scope of consolidation.
> Refer to “Note 40 – Significant subsidiaries and equity method investments” (pages 383 to 385) in the Credit Suisse Annual Report 2016 for a list of significant subsidiaries and associated entities.
Balance sheet
   Balance sheet

end of 3Q17
Financial
statements		 Regulatory
scope of
consolidation		 Reference to
composition
of capital
Assets (CHF million)   
Cash and due from banks 105,779 105,353
Interest-bearing deposits with banks 684 1,111
Central bank funds sold, securities purchased under resale agreements and securities borrowing transactions 140,041 133,961
Securities received as collateral, at fair value 35,901 35,901
Trading assets, at fair value 142,379 136,905
Investment securities 2,704 1,963
Other investments 6,173 6,109
Net loans 275,853 276,505
Premises and equipment 4,591 4,658
Goodwill 4,715 4,715 a
Other intangible assets 219 219
   of which other intangible assets (excluding mortgage servicing rights)  66 66 b
Brokerage receivables 35,525 35,522
Other assets 34,126 32,985
   of which deferred tax assets related to net operating losses  2,666 2,666 c
   of which deferred tax assets from temporary differences  4,837 4,641 d
   of which defined-benefit pension fund net assets  1,591 1,591 e
Total assets  788,690 775,907
6
Balance sheet (continued)
   Balance sheet

end of 3Q17
Financial
statements		 Regulatory
scope of
consolidation		 Reference to
composition
of capital
Liabilities and equity (CHF million)   
Due to banks 17,497 18,159
Customer deposits 354,386 354,603
Central bank funds purchased, securities sold under repurchase agreements and securities lending transactions 33,146 33,146
Obligation to return securities received as collateral, at fair value 35,901 35,901
Trading liabilities, at fair value 43,920 43,879
Short-term borrowings 16,227 10,403
Long-term debt 180,294 178,756
Brokerage payables 32,416 32,416
Other liabilities 30,822 24,595
Total liabilities  744,609 731,858
   of which additional tier 1 instruments, fully eligible  12,968 12,968 g
   of which additional tier 1 instruments subject to phase-out  2,704 2,704 h
   of which tier 2 instruments, fully eligible  4,112 4,112 i
   of which tier 2 instruments subject to phase-out  3,965 3,965 j
Common shares 102 103
Additional paid-in capital 35,527 35,527
Retained earnings 27,099 27,065
Treasury shares, at cost (17) (13)
Accumulated other comprehensive income/(loss) (18,853) (18,824)
Total shareholders' equity 1 43,858 43,858
Noncontrolling interests 2 223 191
Total equity  44,081 44,049
Total liabilities and equity  788,690 775,907
1
Eligible as CET1 capital, prior to regulatory adjustments.
2
The difference between the accounting and regulatory scope of consolidation primarily represents private equity and other fund type vehicles, which FINMA does not require to consolidate for capital adequacy reporting.
7
Composition of BIS regulatory capital
The following tables provide details on the composition of Bank for International Settlements (BIS) regulatory capital and details on common equity tier 1 (CET1) capital adjustments subject to phase-in as well as details on additional tier 1 capital and tier 2 capital.
Composition of BIS regulatory capital
end of 3Q17
Eligible capital (CHF million)         
Total shareholders' equity (US GAAP)  43,858
Regulatory adjustments (597) 1
Adjustments subject to phase-in (5,930) 2
CET1 capital  37,331
Additional tier 1 instruments 12,350 3
Additional tier 1 instruments subject to phase-out 2,704 4
Deductions from additional tier 1 capital (537) 5
Additional tier 1 capital  14,517
Tier 1 capital  51,848
Tier 2 instruments 4,112 6
Tier 2 instruments subject to phase-out 1,295
Deductions from tier 2 capital (47)
Tier 2 capital  5,360
Total eligible capital  57,208
1
Includes regulatory adjustments not subject to phase-in, including a cumulative dividend accrual.
2
Reflects 80% phase-in deductions, including goodwill, other intangible assets and certain deferred tax assets, and 20% of an adjustment primarily for the accounting treatment of pension plans pursuant to phase-in requirements.
3
Consists of high-trigger and low-trigger capital instruments. Of this amount, CHF 7.5 billion consists of capital instruments with a capital ratio write-down trigger of 7% and CHF 4.8 billion consists of capital instruments with a capital ratio write-down trigger of 5.125%.
4
Includes hybrid capital instruments that are subject to phase-out.
5
Includes 20% of goodwill and other intangible assets (CHF 1.0 billion) and other capital deductions, including the regulatory reversal of gains/(losses) due to changes in own credit risk on fair-valued financial liabilities, which will be deducted from CET1 once Basel III is fully implemented.
6
Consists of low-trigger capital instruments with a capital ratio write-down trigger of 5%.
8
The following tables provide details on CET1 capital adjustments subject to phase-in and details on additional tier 1 capital and tier 2 capital. The column “Transition amount” represents the amounts that have been recognized in eligible capital as of September 30, 2017. The column “Amount to be phased in” represents those amounts that are still to be phased in as CET1 capital adjustments through year-end 2018.
Details on CET1 capital adjustments subject to phase-in

end of 3Q17
Balance
sheet		 Reference
to balance
sheet		 1
Regulatory
adjustments

Total
Transition
amount		 2 Amount
to be
phased in
CET1 capital adjustments subject to phase-in (CHF million)   
Accounting treatment of defined benefit pension plans – – – 590 (590)
Common share capital issued by subsidiaries and held by third parties – – – 39 (39)
Goodwill 4,715 a (21) 3 4,694 (3,755) (939) 4
Other intangible assets (excluding mortgage-servicing rights) 66 b (5) 5 61 (49) (12) 4
Deferred tax assets that rely on future profitability (excluding temporary differences) 2,666 c – 2,666 (2,133) (533) 6
Shortfall of provisions to expected losses – 469 469 (375) (94) 7
Gains/(losses) due to changes in own credit on fair-valued liabilities – (2,181) (2,181) 1,745 436 8
Defined-benefit pension assets 1,591 e (376) 5 1,215 (972) (243) 6
Investments in own shares – 9 9 (7) (2) 4
Other adjustments 9 – (19) (19) 17 4 4
Amounts above 10% threshold 4,641 (3,353) 1,288 (1,030) (258)
   of which deferred tax assets from temporary differences  4,641 d (3,353) 10 1,288 (1,030) (258) 6
Adjustments subject to phase-in to CET1 capital  (5,930) (2,270)
Rounding differences may occur.
1
Refer to the balance sheet under regulatory scope of consolidation in the table "Balance sheet". Only material items are referenced to the balance sheet.
2
Reflects 80% phase-in deductions, including goodwill, other intangible assets and certain deferred tax assets, and 20% of an adjustment primarily for the accounting treatment of pension plans pursuant to phase-in requirements.
3
Represents related deferred tax liability and goodwill on equity method investments.
4
Deducted from additional tier 1 capital.
5
Represents related deferred tax liability.
6
Risk-weighted.
7
50% deducted from additional tier 1 capital and 50% from tier 2 capital.
8
Includes CHF 459 million related to debt instruments deducted from additional tier 1 capital.
9
Includes cash flow hedge reserve.
10
Includes threshold adjustments of CHF (3,836) million and an aggregate of CHF 483 million related to the add-back of deferred tax liabilities on goodwill, other intangible assets, mortgage servicing rights and pension assets that are netted against deferred tax assets under US GAAP.
9
Details on additional tier 1 capital and tier 2 capital

end of 3Q17
Balance
sheet		 Reference
to balance
sheet		 1
Regulatory
adjustments

Total
Transition
amount
Additional tier 1 capital (CHF million)   
Additional tier 1 instruments 2 12,968 g (618) 3 12,350 12,350
Additional tier 1 instruments subject to phase-out 2 2,704 h 0 2,704 2,704
Total additional tier 1 instruments  15,054
Deductions from additional tier 1 capital 
   Goodwill  (939) 4
   Other intangible assets (excluding mortgage-servicing rights)  (12) 4
   Shortfall of provisions to expected losses  (47)
   Gains/(losses) due to changes in own credit on fair-valued financial liabilities  459
   Investments in own shares  (2)
   Other deductions  4
Deductions from additional tier 1 capital  (537)
Additional tier 1 capital  14,517
Tier 2 capital (CHF million)   
Tier 2 instruments 4,112 i – 4,112 4,112
Tier 2 instruments subject to phase-out 3,965 j (2,670) 5 1,295 1,295
Total tier 2 instruments  5,407
Deductions from tier 2 capital 
   Shortfall of provisions to expected losses  (47)
Deductions from tier 2 capital  (47)
Tier 2 capital  5,360
1
Refer to the balance sheet under regulatory scope of consolidation in the table "Balance sheet". Only material items are referenced to the balance sheet.
2
Classified as liabilities under US GAAP.
3
Includes the reversal of gains/(losses) due to changes in own credit spreads on fair valued capital instruments.
4
Net of related deferred tax liability.
5
Primarily includes the impact of the prescribed amortization requirements as instruments move closer to their maturity.
Additional information
end of 3Q17
Risk-weighted assets related to amounts subject to phase-in (CHF million)         
Adjustment for accounting treatment of pension plans 751
Defined-benefit pension assets 243
Deferred tax assets 79
Risk-weighted assets related to amounts subject to phase-in  1,073
Amounts below the thresholds for deduction (before risk weighting) (CHF million)      
Non-significant investments in BFI entities  3,244 
   Significant investments in BFI entities  731
   Mortgage servicing rights  123 1
   Deferred tax assets arising from temporary differences  3,836 1
Applicable caps on the inclusion of provisions in tier 2 (CHF million)      
Cap on inclusion of provisions in tier 2 under standardized approach 99
Cap for inclusion of provisions in tier 2 under internal ratings-based approach 847
1
Net of related deferred tax liability.
10
Additional regulatory disclosures
Swiss capital requirements
The FINMA circular requires certain additional disclosures for systemically relevant financial institutions and stand-alone banks. The following tables show the capital requirements based on capital ratios and leverage ratio.
> Refer to “Swiss requirements” (pages 57 to 59) in II – Treasury, risk, balance sheet and off-balance sheet in the Credit Suisse 3Q17 Financial Report for further information on Swiss capital requirements.
Swiss capital requirements and metrics
   Phase-in Look-through

end of 3Q17
CHF million		 in %
of RWA
CHF million		 in %
of RWA
Swiss risk-weighted assets                           
Swiss risk-weighted assets 267,184 – 265,607 –
Risk-based capital requirements (going-concern) based on Swiss capital ratios                           
Total 32,551 12.183 38,470 14.484
   of which CET1: minimum  15,497 5.8 11,952 4.5
   of which CET1: buffer  8,550 3.2 14,608 5.5
   of which CET1: countercyclical buffers  488 0.183 488 0.184
   of which additional tier 1: minimum  5,878 2.2 9,296 3.5
   of which additional tier 1: buffer  2,137 0.8 2,125 0.8
Swiss eligible capital (going-concern)                           
Swiss CET1 capital and additional tier 1 capital 1 53,640 20.1 47,055 17.7
   of which CET1 capital 2 37,178 13.9 34,705 13.1
   of which additional tier 1 high-trigger capital instruments  7,505 2.8 7,505 2.8
   of which additional tier 1 low-trigger capital instruments 3 4,845 1.8 4,845 1.8
   of which tier 2 low-trigger capital instruments 4 4,112 1.5 0 0.0
Risk-based requirement for additional total loss-absorbing capacity (gone-concern) based on Swiss capital ratios                           
Total 14,246 5 5.332 5 30,598 11.52
Eligible additional total loss-absorbing capacity (gone-concern)                           
Total 34,040 6 12.7 33,535 12.6
   of which bail-in instruments  29,423 11.0 29,423 11.1
1
Excludes tier 1 capital which is used to fulfill gone-concern requirements.
2
Excludes CET1 capital which is used to fulfill gone-concern requirements.
3
If issued before July 1, 2016, such capital instruments qualify as additional tier 1 high-trigger capital instruments until their first call date according to the transitional Swiss "Too Big to Fail" rules.
4
If issued before July 1, 2016, such capital instruments qualify as additional tier 1 high-trigger capital instruments no later than December 31, 2019 according to the transitional Swiss "Too Big to Fail" rules.
5
The total loss-absorbing capacity (gone concern) requirement of 6.2% was reduced by 0.868%, or CHF 2,319 million, reflecting rebates in accordance with article 133 of the CAO.
6
Includes CHF 4,617 million of capital instruments (additional tier 1 instruments subject to phase-out, tier 2 instruments subject to phase-out, tier 2 amortization component and certain deductions) which, under the phase-in rules, continue to count as gone concern capital.
11
Swiss leverage requirements and metrics
   Phase-in Look-through

end of 3Q17
CHF million		 in %
of LRD
CHF million		 in %
of LRD
Leverage exposure                           
Leverage ratio denominator 911,989 – 908,967 –
Unweighted capital requirements (going-concern) based on Swiss leverage ratio                           
Total 31,920 3.5 45,449 5.0
   of which CET1: minimum  19,152 2.1 13,635 1.5
   of which CET1: buffer  4,560 0.5 18,179 2.0
   of which additional tier 1: minimum  8,208 0.9 13,635 1.5
Swiss eligible capital (going-concern)                           
Swiss CET1 capital and additional tier 1 capital 1 53,640 5.9 47,055 5.2
   of which CET1 capital 2 37,178 4.1 34,705 3.8
   of which additional tier 1 high-trigger capital instruments  7,505 0.8 7,505 0.8
   of which additional tier 1 low-trigger capital instruments 3 4,845 0.5 4,845 0.5
   of which tier 2 low-trigger capital instruments 4 4,112 0.5 0 0.0
Unweighted requirements for additional total loss-absorbing capacity (gone-concern) based on Swiss leverage ratio                           
Total 15,686 5 1.72 5 37,087 4.08
Eligible additional total loss-absorbing capacity (gone-concern)                           
Total 34,040 6 3.7 33,535 3.7
   of which bail-in instruments  29,423 3.2 29,423 3.2
1
Excludes tier 1 capital which is used to fulfill gone-concern requirements.
2
Excludes CET1 capital which is used to fulfill gone-concern requirements.
3
If issued before July 1, 2016, such capital instruments qualify as additional tier 1 high-trigger capital instruments until their first call date according to the transitional Swiss "Too Big to Fail" rules.
4
If issued before July 1, 2016, such capital instruments qualify as additional tier 1 high-trigger capital instruments no later than December 31, 2019 according to the transitional Swiss "Too Big to Fail" rules.
5
The total loss-absorbing capacity (gone concern) requirement of 2.0% was reduced by 0.28%, or CHF 2,554 million, reflecting rebates in accordance with article 133 of the CAO.
6
Includes CHF 4,617 million of capital instruments (additional tier 1 instruments subject to phase-out, tier 2 instruments subject to phase-out, tier 2 amortization component and certain deductions) which, under the phase-in rules, continue to count as gone concern capital.
12
Leverage metrics
Beginning in 1Q15, Credit Suisse adopted the BIS leverage ratio framework, as issued by the BCBS and implemented in Switzerland by FINMA.
> Refer to “Leverage metrics” (page 128) in III – Treasury, Risk, Balance sheet and Off-balance sheet – Capital management in the Credit Suisse Annual Report 2016 and “Leverage metrics” (page 65) in II – Treasury, risk, balance sheet and off-balance sheet in the Credit Suisse 3Q17 Financial Report for further information on leverage metrics.
Reconciliation of consolidated assets to leverage exposure – Phase-in
end of 3Q17
Reconciliation of consolidated assets to leverage exposure (CHF million)   
Total consolidated assets as per published financial statements 788,690
Adjustment for investments in banking, financial, insurance or commercial entities that are consolidated for accounting purposes but outside the scope of regulatory consolidation   1 (12,551)
Adjustments for derivatives financial instruments 85,872
Adjustments for SFTs (i.e. repos and similar secured lending) (25,298)
Adjustments for off-balance sheet items (i.e. conversion to credit equivalent amounts of off-balance sheet exposures) 75,276
Total leverage exposure  911,989
1
Includes adjustments for investments in banking, financial, insurance or commercial entities that are consolidated for accounting purposes but outside the scope of regulatory consolidation and tier 1 capital deductions related to balance sheet assets.
BIS leverage ratio common disclosure template – Phase-in
end of 3Q17
Reconciliation of consolidated assets to leverage exposure (CHF million)   
On-balance sheet items (excluding derivatives and SFTs, but including collateral) 567,785
Asset amounts deducted from Basel III tier 1 capital (8,502)
Total on-balance sheet exposures  559,283
Reconciliation of consolidated assets to leverage exposure (CHF million)   
Replacement cost associated with all derivatives transactions (i.e. net of eligible cash variation margin) 24,415
Add-on amounts for PFE associated with all derivatives transactions 85,116
Gross-up for derivatives collateral provided where deducted from the balance sheet assets pursuant to the operative accounting framework 23,966
Deductions of receivables assets for cash variation margin provided in derivatives transactions (22,554)
Exempted CCP leg of client-cleared trade exposures (13,153)
Adjusted effective notional amount of all written credit derivatives 215,714
Adjusted effective notional offsets and add-on deductions for written credit derivatives (206,724)
Derivative Exposures  106,780
Securities financing transaction exposures (CHF million)   
Gross SFT assets (with no recognition of netting), after adjusting for sale accounting transactions 188,934
Netted amounts of cash payables and cash receivables of gross SFT assets (28,886)
Counterparty credit risk exposure for SFT assets 10,602
Agent transaction exposures 0
Securities financing transaction exposures  170,650
Other off-balance sheet exposures (CHF million)   
Off-balance sheet exposure at gross notional amount 237,053
Adjustments for conversion to credit equivalent amounts (161,777)
Other off-balance sheet exposures  75,276
Tier 1 capital (CHF million)   
Tier 1 capital  51,848
Leverage exposure (CHF million)   
Total leverage exposure  911,989
Leverage ratio (%)   
Basel III leverage ratio  5.7
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Liquidity coverage ratio
Our calculation methodology for the liquidity coverage ratio (LCR) is prescribed by FINMA. For disclosure purposes our LCR is calculated using a three-month average which, beginning in 1Q17, is measured using daily calculations during the quarter rather than the month-end metrics used before. This change in the LCR averaging methodology resulted from updated FINMA requirements that became effective January 1, 2017.
> Refer to “Liquidity metrics” (pages 110 to 111) in III – Treasury, Risk, Balance sheet and Off-balance sheet – Liquidity and funding management in the Credit Suisse Annual Report 2016 and “Liquidity metrics” (pages 53 to 54) in II – Treasury, risk, balance sheet and off-balance sheet in the Credit Suisse 3Q17 Financial Report for further information on the Group’s liquidity management including high quality liquid assets, liquidity pool and liquidity coverage ratio.
Liquidity coverage ratio

end of 3Q17		 Unweighted
value		 1 Weighted
value		 2
High Quality Liquid Assets (CHF million)
High quality liquid assets  168,779 167,810
Cash outflows (CHF million)
Retail deposits and deposits from small business customers 155,520 19,564
   of which less stable deposits  155,520 19,564
Unsecured wholesale funding 211,091 83,410
   of which operational deposits (all counterparties) and deposits in networks of cooperative banks  34,699 8,675
   of which non-operational deposits (all counterparties)  100,654 59,966
   of which unsecured debt  14,342 14,342
Secured wholesale funding 149,046 66,424
Additional requirements 177,708 37,536
   of which outflows related to derivative exposures and other collateral requirements  79,331 17,787
   of which outflows related to loss of funding on debt products  1,527 1,527
   of which credit and liquidity facilities  96,850 18,222
Other contractual funding obligations 69,459 69,459
Other contingent funding obligations 228,500 6,305
Total cash outflows  – 282,698
Cash inflows (CHF million)
Secured lending 131,449 86,276
Inflows from fully performing exposures 61,728 30,708
Other cash inflows 73,197 73,197
Total cash inflows  – 190,181
Liquidity cover ratio
High quality liquid assets (CHF million) – 167,810
Net cash outflows (CHF million) – 92,517
Liquidity coverage ratio (%)  – 181
Calculated using a three-month average, which is calculated on a daily basis.
1
Calculated as outstanding balances maturing or callable within 30 days.
2
Calculated after the application of haircuts for high quality liquid assets or inflow and outflow rates.
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Minimum disclosures for large banks
The following table shows the Group’s minimum disclosure requirements for large banks prepared in accordance with Swiss CAO for non-systemically relevant financial institutions.
Key metrics for non-systemically relevant financial institutions
end of 3Q17 Phase-in
CHF million, except where indicated         
Minimum required capital (8% of risk-weighted assets) 21,375
Swiss total eligible capital 57,055
   of which Swiss CET1 capital  37,178
   of which Swiss tier 1 capital  51,695
Swiss risk-weighted assets 267,184
Swiss CET1 ratio (%) 13.9
Swiss tier 1 ratio (%) 19.3
Swiss total capital ratio (%) 21.4
Countercyclical buffers (%) 0.183
Swiss CET1 ratio requirement (%) 1 8.383
Swiss tier 1 ratio requirement (%) 1 10.383
Swiss total capital ratio requirement (%) 1 12.983
Swiss leverage ratio based on tier 1 capital (%) 5.7
Leverage exposure 911,989
Liquidity coverage ratio (%) 2 181
Numerator: total high quality liquid assets 167,810
Denominator: net cash outflows 92,517
Reflects the view as if the Group was not a Swiss SIFI. Refer to "Swiss capital requirements and metrics" and "Swiss leverage requirements and metrics" tables for the Swiss SIFI view.
1
The capital requirements are in accordance with Appendix 8 of the CAO, plus the countercyclical buffer.
2
Calculated using a three-month average, which is calculated on a daily basis.
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List of abbreviations
B   
BCBS Basel Committee on Banking Supervision
BFI Banking, financial and insurance
BIS Bank for International Settlements
C   
CAO Capital Adequacy Ordinance
CCP Central counterparties
CCR Counterparty credit risk
CET1 Common equity tier 1
F   
FINMA Swiss Financial Market Supervisory Authority FINMA
G   
G-SIB Global systemically important banks
I   
IMM Internal Models Method
IRB Internal Ratings-Based Approach
IRC Incremental Risk Charge
L   
LRD Leverage ratio denominator
P      
PFE Potential future exposure
R      
RBA Ratings-Based Approach
RNIV Risks not in value-at-risk
RWA Risk-weighted assets
S      
SA Standardized Approach
SA-CCR Standardized Approach - counterparty credit risk
SFA Supervisory Formula Approach
SFT Securities Financing Transactions
SIFI Systemically Important Financial Institution
SSFA Simplified Supervisory Formula Approach
U      
US GAAP Accounting principles generally accepted in the US
V      
VaR Value-at-Risk
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Cautionary statement regarding forward-looking information
This report contains statements that constitute forward-looking statements. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to the following:
– our plans, objectives or goals;
– our future economic performance or prospects;
– the potential effect on our future performance of certain contingencies; and
– assumptions underlying any such statements.
Words such as “believes,” “anticipates,” “expects,” “intends” and “plans” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements except as may be required by applicable securities laws.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include:
– the ability to maintain sufficient liquidity and access capital markets;
– market volatility and interest rate fluctuations and developments affecting interest rate levels;
– the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of continued slow economic recovery or downturn in the US or other developed countries or in emerging markets in 2017 and beyond;
– the direct and indirect impacts of deterioration or slow recovery in residential and commercial real estate markets;
– adverse rating actions by credit rating agencies in respect of sovereign issuers, structured credit products or other credit-related exposures;
– the ability to achieve our strategic objectives, including cost efficiency, net new asset, pre-tax income/(loss), capital ratios and return on regulatory capital, leverage exposure threshold, risk-weighted assets threshold, and other targets and ambitions;
– the ability of counterparties to meet their obligations to us;
– the effects of, and changes in, fiscal, monetary, exchange rate, trade and tax policies, as well as currency fluctuations;
– political and social developments, including war, civil unrest or terrorist activity;
– the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations;
– operational factors such as systems failure, human error, or the failure to implement procedures properly;
– the risk of cyberattacks on our business or operations;
– actions taken by regulators with respect to our business and practices and possible resulting changes to our business organization, practices and policies in countries in which we conduct our operations;
– the effects of changes in laws, regulations or accounting policies or practices in countries in which we conduct our operations;
– the potential effects of proposed changes in our legal entity structure;
– competition in geographic and business areas in which we conduct our operations;
– the ability to retain and recruit qualified personnel;
– the ability to maintain our reputation and promote our brand;
– the ability to increase market share and control expenses;
– technological changes;
– the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users;
– acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets;
– the adverse resolution of litigation, regulatory proceedings, and other contingencies; and
– other unforeseen or unexpected events and our success at managing these and the risks involved in the foregoing.
 
We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, including the information set forth in “Risk factors” in I – Information on the company in our Annual Report 2016.
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