Op risk grows at Swiss banks

Credit Suisse and UBS reported hikes in operational risk-weighted assets (RWAs) in 2017, although they cited different factors for their respective increases. 

Op RWAs at Credit Suisse grew by Sfr9 billion ($9.4 billion), following an update to its loss history and a revision of the costs incurred as a result of legal settlements regarding its crisis era residential mortgage-backed securities (RMBS). 

Credit Suisse’s total RWAs increased by Sfr1.4 billion to Sfr272.8 billion, as reductions in

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