French tax fraud verdict costs UBS $4.1bn of additional op RWAs

- By Lorenzo Migliorato
- 06 May 2022

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

UBS is taking on an additional $4.1 billion in operational risk-weighted assets (RWAs) after the French Court of Appeal found it guilty of unlawful solicitation and aggravated laundering of the proceeds of tax fraud.

The bank booked $2.1 billion of operational RWAs in the first quarter, with another $2 billion to be absorbed in Q2.

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net