UBS blows through 2018 credit and counterparty risk estimate
Sfr2.4 billion growth attributed to model changes alone
UBS overshot its credit and counterparty risk estimates for the rest of the year in the second quarter, and raised its forecast for the remainder of 2018.
At the end of the first quarter, the bank expected its credit and counterparty risk-weighted assets (RWAs) to have increased by around Sfr8 billion ($8.05 billion) by the end of this year. Instead, they were up Sfr8.3 billion in the second quarter alone, a 3.5% rise from the first quarter.
The bank now anticipates an increase of Sfr5 billion
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