UBS blunts Basel III RWA impact, gains time for Credit Suisse integration
Bank secures valuable time to integrate legacy assets and prepare for forthcoming regulatory challenges
UBS has minimised the immediate impact of Basel III implementation on its risk-weighted assets (RWAs), giving it breathing room to absorb new RWAs as it moves erstwhile Credit Suisse positions to new models.
Adjustments in credit and operational risk modelling produced RWA reductions of $1 billion and $7 billion respectively, largely offsetting a $9 billion increase resulting from the implementation of the Fundamental Review of the Trading Book (FRTB), which overhauls how market and credit
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