Basel III will force UBS to reduce its exposure to some assets

10/1/2010 | Wall Street Journal, The

Basel III capital and liquidity rules for banks will force Switzerland's UBS to reduce its exposure to risk-weighted assets. The bank said it will not need to raise capital to meet the requirements, but it will make other changes. "There are many steps that [UBS] can do to reduce this effect, from charging more to clients, paying themselves less, and just exiting some businesses," Peter Thorne, an analyst at Helvea, wrote to investors.

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