IFRS 9 charge fails to dent UBS capital

The adoption of a new accounting standard for loans incurred a Sfr 0.3 billion ($0.31 billion) charge to UBS’s common equity Tier 1 (CET1) capital in the first quarter.

IFRS 9 Financial Instruments came into effect at the start of the year, altering the way in which banks reserve for potential loan losses. These reserves are drawn from earnings, reducing the amount available to plump up capital buffers.

The accounting charge was more that offset by increased earnings, with total CET1 capital

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: