UBS urges clearer message from regulators on risk taking

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UBS urged global regulators to be clearer on how they will rein in risk-taking in traditional banking business, as opposed to investment banking, saying that failure to do so could jeopardise growth.

Reuters reports that the bank's Chairman Axel Weber and Chief Executive Sergio Ermotti highlighted the example of leverage ratios in a guest editorial in Tuesday's Wall Street Journal as policymakers from America, Europe and Asia gather this week for an annual meeting in Davos.

'This leaves questions about stimulating growth, particularly in light of calls by some for an increase in leverage ratio requirements far above the internationally agreed level of 3%', the two bankers wrote.

Last week, global banking regulators agreed to ease the way a new rule, meant to rein in risky balance sheets from 2018, is compiled.

To access the complete Reuters article hit the link below:

UBS chairman and CEO lobby regulators on bank leverage ratios

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