Changes to loss given default models cost RBS £4.6 billion ($6.3 billion) in higher credit risk-weighted assets in the first three months of the year.
Revisions to LGD models for UK mid-corporate and quasi-government portfolios pushed credit RWAs 0.5% higher to £145.4 billion quarter-on-quarter. This was partially offset by some changes to the size and composition of the bank’s book, as well as changes due to acquisitions and disposals of portfolios and exposures, mainly in the mortgages
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