UBS has been saddled with an additional capital requirement since the start of this year, to guard against the kind of leveraged, uncollateralised lending that contributed to the collapse of Archegos Capital Management and inflicted a $774 loss on the bank in 2021.
The surcharge, imposed by Finma, applies to uncollateralised exposures to hedge funds, private equity firms and family offices. It was introduced under the Basel frameworkâs Pillar 2 regime, which empowers national supervisors to
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