RBS 2013 Annual Report Download - page 206
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Business review Risk and balance sheet management
204
Capital management* continued
Risk-weighted assets continued
FLB3 and Basel 2.5
The following tables set out RWAs under future and current rules.
Estimated
FLB3 Basel 2.5
2013 £bn £bn
UK Retail 43.9 43.9
UK Corporate 82.9 86.1
Wealth 12.0 12.0
International Banking 50.3 49.0
Ulster Bank 30.1 30.7
US Retail & Commercial 58.8 56.1
Retail & Commercial 278.0 277.8
Markets 99.9 64.5
Centre 13.1 10.1
Core 391.0 352.4
Non-Core 34.2 29.2
Group before RFS Holdings minority interest 425.2 381.6
RFS Holdings minority interest 3.9 3.9
Group 429.1 385.5
Key points
• Estimated FLB3 RWAs were £43.6 billion or 11% higher than under
current rules principally reflecting:
° Treatment of securitisations as risk-weighted at 1,250% instead
of as capital deductions, £18.7 billion.
*unaudited
° Credit valuation adjustments, £16.7 billion and financial
institution asset valuation correlation, £5.6 billion.
° Other model and methodology changes, £7.2 billion.
° Reduced risk-weighting for small and medium-sized
enterprises, £4.6 billion, mainly in UK Corporate.