Swiss banks hit by tough new credit ratio rules

first_img Share Monday 4 October 2010 8:57 pm Show Comments ▼ whatsapp Swiss banks hit by tough new credit ratio rules KCS-content whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Switzerland has imposed strict new rules on UBS and Credit Suisse, telling them to hold far more capital than their international rivals to ward off a crisis that could cripple the country.The two banks must hold an equity tier one capital ratio of at least 10 per cent under the proposals laid out by a government commission.The new Swiss rules go well beyond the new international standards set out three weeks ago, which require banks to hold a minimum core tier one ratio of seven per cent.Altogether the Swiss giants must hold capital equal to a total of 19 per cent of risk-weighted assets, compared to a global agreement of just 10.5 per cent.However, the Swiss institutions have until 2018 to meet the supplementary targets, while Basel III guidelines should be implemented by 2013.The Swiss commission of regulators, bank executives and other industry figures said that a mixture of measures was needed to reduce the risk of having banks with a “too big to fail” problem.The new rules were seen as a move to restore confidence to Switzerland’s crucial private banking industry, but could crimp the ability of the country’s two biggest banks to compete in global investment banking. Tags: NULLlast_img

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