BNP Paribas has drafted a plan to restructure its business and focus on strategic activities, The Wall Street Journal reports. The plan will cut the dollar liquidity needs of the bank and reduce assets to comply with Basel III capital rules by the beginning of 2013.

The French bank cut the dollar liquidity needs of its corporate and investment bank by $22 billion in the first half of the year. It is considering a further $60 billion decrease by the end of next year.

Click here for the story from The Wall Street Journal.