20
INTERNATIONAL MONETARY FUND
Figure 7. Switzerland: Capital Measures of Large Banks
The figure below shows CET1 capital ratios of the large Swiss banks according to two different capital definitions, the current
“phased-in” regulation and the Basel III “fully loaded” regulation. While capital ratios increased between 2014:Q4 and
2013:Q2, fully loaded capital ratios are well below phased-in ratios.
Phased-In and Fully Loaded CET1 Capital Ratios
(In percent of risk-weighted assets (RWA))
A comparison of fully loaded CET1 capital ratios of global banks as of 2013:Q1 shows that almost all banks were in the range
of 8 to 11 percent, with UBS being above the average of 9.5 percent and CS being below the average.
Fully Loaded CET1 Capital Ratios as of 2013:Q1
(In percent of RWA)
Source: Ratios shown as disclosed by banks; Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Santander did not disclose fully loaded
ratios. Banks may apply different adjustments based on individual interpretation of Basel III requirements. Ratios may also vary due to
different discretionary accounting methods.
*Commerzbank and Deutsche Bank raised €2.5 billion and €2.96 billion of equity. As a result, their ratios will increase to 8.4 percent and
9.5 percent.
**Ratios as of end-2012.
14.2%
8.0%
15.3%
9.3%
15.3%
9.8%
16.2%
11.2%
1.4%
1.4%
1.5%
1.5%
0.2%
0.2%
0.2%
0.2%
1.4%
1.4%
2.1%
2.1%
2.0%
1.5%
2.1%
2.1%
Phased-In Fully-Loaded Phased-In Fully-Loaded Phased-In Fully-Loaded Phased-In Fully-Loaded
CET 1
High-Trigger Capital
Low-Trigger Capital
Phase-out Tier 1 and 2 minus deductions
Do'stlaringiz bilan baham: |
