UBS revises credit and counterparty risk estimate

Changes to the bank’s models and methodology expected to add $6bn in second half of the year

UBS is on track to overshoot its credit and counterparty credit risk (CCR) estimates for the rest of the year, after raising its forecast for the second half of 2021.

Methodology and model updates increased the bank’s credit and counterparty risk-weighted assets (RWAs) by $4.8 billion in the first six months, with a further $6 billion expected in the second half of the year. At the end of last year, the bank expected credit and CCR to have increased by $10 billion by the end of 2021.

 

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