RegulatoryApr 29, 2026, 07:02 AM
AMUB: Swiss Regs Require $22B Addt'l CET1 for UBS AG Standalone
AI Summary
UBS AG's Pillar 3 Report for Q1 2026 highlights new Swiss regulatory amendments to the Capital Adequacy Ordinance (CAO), effective 2027 and 2029. These changes are expected to require UBS AG standalone to hold an additional $22bn in CET1 capital, bringing the total incremental CET1 capital requirement to $37bn, including amounts related to the Credit Suisse acquisition. For Q1 2026, UBS Group's CET1 capital increased by $2.1bn to $73.3bn, and RWA rose by $7.0bn to $500.4bn, resulting in a CET1 ratio of 14.65%. The company also approved a dividend of $1.10 per share and repurchased $0.9bn in shares.
Key Highlights
- Swiss Federal Council amendments to CAO effective 2027/2029.
- UBS AG standalone requires $22bn additional CET1 capital.
- Total incremental CET1 capital requirement is $37bn.
- UBS Group AG consolidated net CET1 capital derecognition of $4bn.
- Q1 2026 CET1 capital increased by $2.1bn to $73.3bn.
- Q1 2026 RWA increased by $7.0bn to $500.4bn.
- Q1 2026 CET1 ratio was 14.65%.
- Shareholders approved $1.10 per share dividend; $0.9bn shares repurchased.