Model scrutiny depletes Santander’s capital ratio
To make amends for deficient risk models, Spanish lender Santander had to absorb a capital add-on in Q3, its third in as many quarters.
The bank took a 13-basis point hit to its Common Equity Tier 1 (CET1) capital ratio over the three months to end-September as part of the targeted review of internal models (Trim) conducted by the European Central Bank. This was close to double the 8bp penalty incurred in Q2. In Q1, the sanction was 7bp.
!function(e,i,n,s){var t="InfogramEmbeds",d=eOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email