US foreign bank rules sap UBS liquidity buffer

The Federal Reserve's foreign bank rules have barred UBS from including large amounts of assets into the calculation of its liquidity coverage ratio (LCR).

The bank’s average total amount of high-quality liquid assets (HQLA) eligible for its group-wide LCR dropped Sfr2 billion ($2.02 billion) in the three months to June, to Sfr181 billion. UBS said the decline was due to an uplift in the amount of HQLA at its US holding company subject to intragroup transfer restrictions. 

UBS Americas LLC was

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 indvidual account here: