Shift out of models nets ING €8bn of sovereign RWA relief
Of standardised approach government debt exposures, 24% had a zero risk-weighting in Q2
Dutch lender ING reduced risk-weighted assets (RWAs) by 4% over the three months to end-June, largely as a result of switching to the regulator-set standardised approach for calculating the riskiness of its government debt holdings.
The bank said the change shaved €8.3 billion ($9.8 billion) off its credit RWAs, netting it a regulatory capital saving of some €664 million.
Regulatory filings show that at end-June, the bank had €11.2 billion of RWAs for sovereign exposures, of which 15% were
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