ING Direct 2015 Annual Report Download - page 246

Contents
Report of the
Executive Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Additional Pillar III information - continued
Own funds
The CRR requires ING Bank to disclose information on own funds in a specific format that was provided in the EBA Implementation
Technical Standards. The EBA templates Annex I, II and Annex VI are disclosed on the corporate website ing.com.
Leverage ratio
The Leverage ratio is a CRR/CRD IV measure indicating the level of the Tier 1 Capital compared to the total exposure. Its aim is to assess
the risk of excessive leverage of the institution. In line with the regulatory requirements, ING Bank will use the specific EBA templates
as basis for the presentation of its Leverage ratio. These EBA templates reflect the Leverage ratio as calculated under the Leverage
ratio Delegated Act which was introduced in October 2014. The Final Draft Implementing Technical Standards (ITS) of the leverage
ratio has not yet been approved by the European Commission (nor published in the EU Official Journal), which could result in
adjustments following clarification of certain rules. The pro-forma fully loaded in leverage ratio of ING Bank based on the Delegated
Act, and with notional cash pooling grossed is 4.1% at 31 December 2015.
ING Bank’s fully loaded leverage ratio using the published IFRS-EU balance sheet, in which notional cash pooling activities are netted,
plus off-balance sheet commitments is 4.5% at 31 December 2015.
2015
CRR/CRD IV
phased in
2015
CRR/CRD IV
fully loaded
Applicable
amounts
Applicable
amounts
1
Total assets as per published financial statements
838,528
838,528
2
Adjustment for entities which are consolidated for accounting purposes but are outside the scope of
regulatory consolidation
3
(Adjustment for fiduciary assets recognised on the balance sheet pursuant to the applicable accounting
framework but excluded from the leverage ratio exposure measure in accordance with Article 429(13) of
Regulation (EU) No 575/2013 ‘CRR’)
4
Adjustments for derivative financial instruments1
6
6
5
Adjustments for securities financing transactions ‘SFTs’
15,786
15,786
6
Adjustment for off-balance sheet items (i.e. conversion to credit equivalent amounts of off-balance sheet
exposures)
68,657
68,657
EU-6a
(Adjustment for intragroup exposures excluded from the leverage ratio exposure measure in accordance with
Article 429 (7) of Regulation (EU) No 575/2013)
EU-6b
(Adjustment for exposures excluded from the leverage ratio exposure measure in accordance with Article 429
(14) of Regulation (EU) No 575/2013)
7
Other adjustments1
146,708
148,102
8
Total leverage ratio exposure
1,069,686
1,071,079
1 The adjustment for Receivables for cash variation margin provided in derivatives transactions has been included in the line Other adjustments.
Summary reconciliation of accounting assets and leverage ratio exposures
ING Bank Annual Report 2015 244