Netting challenges push ING’s market RWAs up 64%
A regulatory issue left the bank unable to consolidate cross-border positions in Q4
ING Bank’s market risk-weighted assets (RWAs) jumped 64% in the fourth quarter of the year, after the bank was unable to net derivatives positions across different geographic units.
Market RWAs reached €9 billion ($10.3 billion) as of end-December, up from €5.5 billion three months prior. The increase was triggered by positions in the financial markets division for which the bank said it was not able to “consolidate positions and apply netting … as a result of regulations”.
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