ING takes €5.2bn RWA hit from SA-CCR and last of Trim
Regulatory inflation negates RWA decrease from better loan-book quality
Regulator-mandated model fixes and the phase-out of own formulas for counterparty risk heaped €5.2 billion ($6.1 billion) onto ING’s risk-weighted assets (RWAs) in the second quarter – a double whammy that offset gains of €4.4 billion from recovering loan quality.
The bank’s credit and counterparty credit (CCR) RWAs rose €1.2 billion to €266.4 billion in the quarter, as a final wave of adjustments from the European Central Bank’s (ECB) Targeted Review of Internal Models (Trim), coupled with a
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