Model scrutiny depletes Santander’s capital ratio

Targeted review of internal models takes 28bp off CET1 ratio year-to-date

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.

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