Goldman Sachs moved closer to the so-called Collins floor in the fourth quarter of last year, as risk-weighted assets calculated using its own models dropped towards the level generated by regulator-set standardised approaches.

Total modelled RWAs stood at $558 billion at end-2018, down$18.9 billion (3.3%) from end-September, and the fourth consecutive quarterly reduction. On the flip side, RWAs measured using the SA rose $1.9 billion (0.4%) to$548 billion.

The gap between the two measures