Valuation risks fell at UBS in Q2
UBS was able to value its mark-to-model assets with greater confidence in Q2, as the pricing challenges that bedevilled the bank at the height of the coronavirus-induced financial panic ebbed. However, valuation uncertainty remained high relative to pre-pandemic levels.
The Swiss bank pegged the value of its Level 3 assets, those valued using its own inputs, at $8.1 billion as of end-June, and Level 3 liabilities at $14.3 billion. A sensitivity analysis, based on reasonably possible alternative
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