Balance sheets set to bloat thanks to new year’s TRIM

Pig
By Owen Sanderson
05 Jan 2017

The ECB’s review of bank internal models, dubbed TRIM, looks set to swell bank balance sheets in the year ahead — partially removing any benefit European firms get from a delay of the Basel Committee’s new credit risk rules.

Bank of Ireland disclosed just before Christmas that it was revising capital requirements for its Irish mortgage portfolio, “in advance of the ECB’s targeted review of internal models [TRIM]”.

The review at Bank of Ireland raised average risk weights on the portfolio to 34%, up from 26% in ...

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