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Risk adjusted capital
’UBS: still a ‘below average’ bank
Standard & Poor’s triggered something of brouhaha when it published a 22-page report comparing global banks’ risk-adjusted capital (RAC) adequacy.
The report found that several of the world’s biggest banks — including UBS and Citi — fell well short of what S&P considered to be the benchmark that “corresponds to full coverage of the level of stress embedded in our ratio.”
UBS, Citi and other ‘below average’ banks
Standard & Poor’s freshly published comparison of global banks’ risk-adjusted capital (RAC) adequacy made for gripping reading on a chilly Monday morning in New York.
The report contains 22 pages of data,