Cash burn drives UBS’s LCR lower in Q3
UBS’s liquidity coverage ratio fell by seven percentage points in Q3 as the lender spent cash and cut its debt pile.
The firm’s LCR – calculated by dividing its stock of high-quality liquid assets (HQLAs) by estimated net cash outflows in a period of stress – dropped to 137.7% on average in the third quarter of the year, down from 144.3% in the second.
//UBS reported HQLA of $168 billion, a 5% decrease quarter-on-quarter, driven by lower cash balances. The size of the bank’s projected net
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