Credit Suisse, UBS counterparty exposures ballooned in Q2
Risk-weighted assets lagged surge in EAD
Top Swiss banks’ exposures to derivatives and securities financing transactions (SFT) counterparties leapt over the first half of this year, though the build-up did little to change the overall riskiness of their portfolios.
At UBS, counterparty exposures-at-default (EAD) hit $125.4 billion at end-June, up 20% on six months prior. Risk-weighted asset (RWA) amounts calculated for these exposures, though, rose a more modest 12% to $38.6 billion. Including exposures to central counterparties (CCPs
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