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Swiss Banks Lobbying For FRTB Delay: Little Surprise After EU, US Moves

FINANCIALS

UBS (UBS: A3 dev/A-/A) is reportedly, along with the other large Swiss banks, lobbying local regulators over delaying FRTB implementation into 2026. This follows on from yesterday’s story about the ECB looking at the same after the US made it clear 2025 implementation deadlines would be missed. FTRB implementation should be a net credit positive, in our view, but the total capital impact only looks like a few percentage points, so this is a delay to a small positive, in short


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UBS (UBS: A3 dev/A-/A) is reportedly, along with the other large Swiss banks, lobbying local regulators over delaying FRTB implementation into 2026. This follows on from yesterday’s story about the ECB looking at the same after the US made it clear 2025 implementation deadlines would be missed. FTRB implementation should be a net credit positive, in our view, but the total capital impact only looks like a few percentage points, so this is a delay to a small positive, in short


Keep reading...Show less