RegSol Blog

European Central Bank fine AIB and EBS €615,000 for Miscalculating Capital Needs

September 2021

AIB and its subsidiary EBS were fined a total of €615,000 for miscalculating their capital needs. Lower Risk Weighted Assets (RWAs) were reported for intragroup equity exposures for 9 and 7 quarters during the period 2014 to 2016 based on miscalculations.
The RWAs measure the level of risk that banks carry on their balance sheets and allow lenders to calculate how much capital they need.

AIB Group issued a statement in which they noted “The breach had no impact on customers and no impact on the Group's consolidated capital ratios. We have since strengthened our controls to prevent any recurrence.”

RTE News: AIB and EBS fined €615,000 by ECB for regulatory breach