Op risk update lops £72m off NatWest’s capital requirement
RWAs for operational risk fell 4% in Q1
NatWest’s annual recalculation of its operational hazards led to a 4% drop in its regulatory capital charge for these risks over Q1, to £1.7 billion ($2.4 billion).
It was the largest one-quarter drop since a similar recalculation in Q1 2018. Total operational risk-weighted assets (RWAs), used to calculate capital charges, amounted to £21 billion in Q1, down from £21.9 billion the prior quarter and £22.6 billion in Q4 2019. NatWest generally recalculates its op risk charge in the first quarter
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