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Bank RWAs diverge from standardized models

Created at 27 Jul · 3:41 AM1 source↑ Market-relevant
IN SHORT

Risk-weighted assets calculated using internal models at large US banks widened the gap with regulator-set standardized models in Q2 2026. Wells Fargo and Bank of America showed the largest discrepancies.

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Key Numbers

$441bnRWA gap between modelled and standardized approaches
Q2 2026Reporting period for RWA divergence
$7.79 trillionTotal RWAs under advanced approach
$8.23 trillionTotal RWAs under standardized approach
four yearsTimeframe for widest RWA gap

Who's Involved

Wells Fargo
Largest gap between internal and regulator-set models
Bank of America
Largest gap between internal and regulator-set models
US global systemically important banks (G-Sibs)
Disclosed RWAs under advanced approach

↳ Why This Matters

The widening gap between internally modelled and standardized risk-weighted assets at major US banks could signal potential regulatory arbitrage or differing interpretations of risk, impacting capital requirements and financial stability assessments.

Key facts

  • Internally modelled risk-weighted assets (RWAs) at the largest US banks diverged further from the standardized model in Q2 2026.
  • The gap between modelled and standardized RWAs reached its widest point in four years.
  • US global systemically important banks (G-Sibs) disclosed $7.79 trillion in RWAs under the advanced approach.
  • RWAs totalled $8.23 trillion under the standardized approach.
  • Internally modelled risk-weighted assets (RWAs) at the largest US banks diverged further from the standardized model in the second quarter of 2026 than at any point in the past four years. Overall, US global systemically important banks (G-Sibs) disclosed $7.79 trillion in RWAs under the advanced approach, which uses banks’ internal models to calculate exposures. By comparison, RWAs totalled $8.23 trillion under the standardized approach, indicating a gap of $441 billion.

    Frequently asked questions

    Risk-weighted assets are a measure of a bank's exposure to risk, used to determine the minimum amount of capital a bank must hold. They are calculated by applying risk weights to different types of assets.

    The advanced approach allows banks to use their own internal models to calculate RWAs, while the standardized approach uses regulator-set risk weights.

    Wells Fargo and Bank of America exhibited the largest gaps between their internally modelled and regulator-set RWAs.

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    Cadence
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    How It Developed

    US global systemically important banks' internally modelled risk-weighted assets (RWAs) diverged from the standardized model in Q2 2026.
    The gap between modelled and standardized RWAs reached its widest point in four years.
    US G-Sibs disclosed $7.79 trillion in RWAs under the advanced approach.
    RWAs totalled $8.23 trillion under the standardized approach.

    Sources

    T1
    Modelled RWAs at systemic banks undershoot standardised by $441bnRisk.net

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