ING’s op risk charge jumped €228m in Q3
Op RWAs had been falling since Q3 2019
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
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