At UBS, asset cull drives down RWAs
Final quarter of 2019 saw risk-weighted assets fall $5.4 billion
Swiss lender UBS saw risk-weighed assets (RWAs) fall $5.4 billion (2%) in the last quarter of 2019 to $259.2 billion, a side-effect of a year-end contraction in loans and credit lines.
In Q4, reductions to asset size lopped $6.3 billion off RWAs, reversing a $5.6 billion increase from the previous quarter. Model updates shaved a further $2.9 billion. These declines were offset slightly by regulatory add-ons of $500 million and currency effects of $3.2 billion.
UBS said a shrinkage of traded
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