Switzerland watered down its proposed capital rules aimed at making UBS safer, but said the bank would still have to add around $20 billion in additional buffers to prevent a repeat of the problems that brought down Credit Suisse.
The changes announced Wednesday mean UBS won’t immediately face an $11 billion deduction from its $71 billion capital related to certain intangible assets such as software and deferred tax assets, as some analysts had predicted.
Critics say these assets shouldn’t be counted as capital because they have little value in a crisis.
UBS bought Credit Suisse in a government-engineered rescue in 2023 and politicians there have vowed to prevent a repeat.
Lawmakers and regulators sifted through what had gone wrong with Credit Suisse and zeroed in on regulatory loopholes related to overseas subsidiaries that masked its ill health. That set off a fresh attempt to gold plate banking standards for the second time in a generation.
Switzerland revamped its regulations after it bailed out UBS in the 2008 financial crisis.
Wall Street Journal 22 April 2026
Hur man skriver ett pressmeddelande om att man förlorat 65 miljarder kronor
Det är en uppgift värdig en PR-konsult i Lakomaa-klass.
UBS - en av världens största och, hittills, mest välrenommerade banker - löste den delikata uppgiften på nedanstående sätt.
Vilket bör bevaras för framtiden:
Zurich / Basel, December 10, 2007, 07:00 AM
UBS strengthens capital base and adjusts valuations
UBS has introduced measures to substantially strengthen its capital position, adding CHF 19.4 billion of BIS Tier 1 capital. These include an issue of CHF 13 billion of new capital.
This has been placed with two strategic investors: Government of Singapore Investment Corporation Pte. Ltd. (GIC), with CHF 11 billion, and an undisclosed strategic investor in the Middle East with CHF 2 billion.
At the same time, UBS has revised key input parameters of the models that are used to estimate lifetime default and resulting losses for sub-prime mortgage pools.
As a result of these revisions, UBS will write down its US sub-prime holdings by approximately a further USD 10 billion.
After these actions, UBS projects a strong BIS Tier 1 ratio of above 12%.
Hela pressmeddelandet här:
http://www.ubs.com/1/e/about/news.html?newsId=133686
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