Basel buy blow

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Basel buy blow

Swiss government is pushing for a revamp of the way the bank prepares for potential losses in its foreign holdings. Swiss and EU authorities were both set to roll out the rules in January, with the US and UK set to follow six months later, as part of a wider update of bank capital requirements designed to shore up the industry known as Basel III. Yet, uncertainty over how and when the US will apply them has led the EU to plan a one-year delay in the new standards for the trading book, because that business is global in nature. UBS had made the case that, without a pause, it would be one of very few major global banks forced to adopt the trading rules in January , people familiar with the matter told Bloomberg. Start and end each day with the latest news stories and analyses delivered straight to your inbox. Higher capital requirements increase the financial reserves that banks have on hand to absorb losses, but impact profitability. Authorities were due to implement the wider package some seven years after the measures were agreed by regulators on the Basel Committee on Banking Supervision as the final part of rule-making designed to prevent a repeat of the financial crisis. The implementation is already substantially behind the original schedule. The topic has since become a political flash-point in the US and authorities are still fighting over what version of the wider package of measures, known in that country as Basel III Endgame, to agree on. They will not implement the new rules before the middle of next year at the earliest. UBS is already facing substantially higher demands for financial reserves as a result of its larger size following the takeover of Credit Suisse. In addition, the Swiss government is pushing for a revamp of the way the bank prepares for potential losses in its foreign holdings. UBS is pushing the Swiss government to clarify how much more the bank will need to hold in capital buffers after buying Credit Suisse, amid concerns the talks will drag on for months, unnerving investors, sources familiar with the matter said. But they have since grown concerned by signs from Stefan Walter, the new head of Swiss regulator Finma, that he wants UBS to hold more capital, the people said. UBS executives believe further demands could put it at a competitive disadvantage versus US and European peers. CEO Sergio Ermotti has hit out at calls for more regulation, saying it risks undermining Swiss banking. All rights reserved. Switzerland sticks to bank capital schedule in blow to UBS Swiss government is pushing for a revamp of the way the bank prepares for potential losses in its foreign holdings. Basel rules Follow. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up. EU says to delay core element of Basel bank capital rules. Digitalisation of banking creates new risks, says global watchdog. Basel Committee adds climate risks to banking supervision standards. Blackstone, Apollo step up pursuit of investment-grade loans Oct 22, AM. ABS partnership outlines best practices for anti-money laundering audits in banks Oct 21, PM.

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Basel buy blow

Non-US banks are increasingly alarmed that a possible compromise at the Basel Committee on a revised standardised approach for calculating credit risk capital requirements could leave them at a sharp disadvantage compared with their US peers. 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. You are currently unable to print this content. Please contact info risk. You are currently unable to copy this content. If you would like to purchase additional rights please email info risk. You may share this content using our article tools. You must also comply with the restrictions in clause 2. Please try again later. Get in touch with our customer services team if this issue persists. New to Risk. View our subscription options. If you already have an account, please sign in here. Lobbyists say change to gross derivatives liabilities measure shows the whole ratio is flawed. Evaluation of new framework by Basel Committee will not be excuse for tweaking pre-agreed rules. European Commission policy expert says current deadline is too ambitious. Data shows removal of cap on substitutability in revised methodology would hit four banks. Step-in risk guidelines could be taken more seriously in the EU than in the US. You need to sign in to use this feature. Alternatively you can request an individual account here. Marketing services. Latest articles. Sharp disadvantage: dispute centres on use of external credit ratings in the Basel framework. Save this article. Send to. Print this page. Copyright Infopro Digital Limited. All rights reserved. Sorry, our subscription options are not loading right now Please try again later. View our subscription options If you already have an account, please sign in here. Basel Committee Custodians could face higher Basel G-Sib surcharges Data shows removal of cap on substitutability in revised methodology would hit four banks 17 May Most read articles loading Sign in. You are currently on corporate access. To use this feature you will need an individual account. If you have one already please sign in.

Basel buy blow