ING’s op risk charge jumped €228m in Q3
ING’s capital charge for operational risk jumped 8% over Q3, wiping out three quarters’ worth of savings.
Op risk-weighted assets (RWAs) hit €39.9 billion at end-September, translating to a capital charge of €3.2 billion. This reversed a series of quarter-on-quarter declines starting back in Q3 2019.
The bank said the Q3 increase was due to technical updates to its models. ING uses internal models allowed under the Basel Committee’s advanced measurement approach (AMA) to calculate its op risk
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