UBS and C Suisse urged to revisit leverage ratios

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Switzerland's central bank has urged UBS and Credit Suisse to further improve their capital strength, even after good progress made in recent years, due to the 'substantial' risks still faced from economic and legal issues.

Reuters reports that The Swiss National Bank (SNB) said UBS and Credit Suisse still face the risk of major losses under adverse economic scenarios, as well as potential operational and legal risks.

It said while their risk-weighted capital ratios were strong by comparison with international rivals, their leverage ratios - which are a simple measure of capital against loans - were not.

'The SNB recommends that they continue to improve their resilience and, in particular, their leverage ratios', the central bank wrote in its annual financial stability report published on Thursday.

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UBS, Credit Suisse urged to improve leverage ratios

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