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UBS RWAs rise $19bn amid FX swings

Weaker US dollar against Swiss franc pushes total RWAs past $500bn

UBS’s risk-weighted assets (RWAs) climbed by 4.4% to $504.5 billion in the second quarter, driven by currency movements during a turbulent stretch for the US dollar.

Out of the overall $21.2 billion increase, $18.6 billion was attributable to foreign exchange effects. A further $3 billion stemmed from an expansion in asset size, while model updates contributed a $300 million reduction.

The bulk of

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