Model flaws continue to dog ABN Amro
Penalties imposed as part of the European Central Bank’s (ECB) targeted review of internal models (Trim) inflated ABN Amro’s credit risk-weighted assets (RWAs) by €5.3 billion ($5.8 billion) in Q4, capping a year full of regulatory add-ons.
The Dutch lender ended 2019 with credit RWAs of €89.1 billion, up +4% on end-September and +5% year on year. The Trim-related uplift was offset slightly by business changes and tweaks to the risk-weighting of equity holdings.
Since Q4 2018, ABN Amro has
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