{"id":10341,"date":"2014-07-16T23:13:21","date_gmt":"2014-07-17T03:13:21","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=10341"},"modified":"2014-07-16T23:13:21","modified_gmt":"2014-07-17T03:13:21","slug":"australia-ubs-eyes-23b-capital-hit-to-big-banks","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/16\/australia-ubs-eyes-23b-capital-hit-to-big-banks\/","title":{"rendered":"Australia: UBS eyes $23b capital hit to big banks"},"content":{"rendered":"<p>Chris Joye at AFR reports on a recent study by UBS banking analysts Jonathon Mott and Adam Lee. The two believe that David Murray&#8217;s financial system inquiry is likely to recommend an increase of 2 to 3% in major banks tier 1 capital ratios.<\/p>\n<blockquote>\n<p>Based on an extra 3 per cent capital buffer for too-big-to-fail banks, UBS finds that the major banks would have to \u201cincrease common equity tier one capital by circa $23 billion above current forecasts by the 2016 financial year end\u201d.<\/p>\n<p>&#8230;This automatically lowers the major banks\u2019 average return on equity at the end of the 2016 financial year from 15.4 per cent to 14.3 per cent, or by about 116 basis points across the sector. Commonwealth Bank and Westpac come off best according to the analysis, with ANZ and National Australia Bank hit much harder.<\/p>\n<\/blockquote>\n<p>Readers should bear in mind that capital ratios are calculated on risk-weighted assets and not all banks employ the same risk-weightings, with <a href=\"http:\/\/www.afr.com\/p\/blogs\/christopher_joye\/rba_quietly_increases_banks_bailout_ksLcB6WlebkzfQ89p3pPAK\" title=\"AFR: RBA bailout facility\" target=\"_blank\">CBA more highly leveraged than ANZ<\/a>. As I pointed out <a href=\"http:\/\/goldstocksforex.com\/2014\/07\/13\/keep-bank-regulation-as-simple-as-possible-but-no-simpler\/\" title=\"Keep bank regulation as simple as possible, but no simpler\" target=\"_blank\">earlier this week<\/a>, regulators need to monitor both risk-weighted capital ratios and un-weighted leverage ratios to prevent abuse of the system.<\/p>\n<p>Bear in mind, also, that a fall in return on equity does not necessarily mean shareholders will be worse off. Strengthening bank balance sheets will lower their relative risk, improve their cost of funding, and enhance valuations.<\/p>\n<p>Read more at <a href='http:\/\/www.afr.com\/p\/blogs\/christopher_joye\/ubs_eyes_capital_hit_to_big_banks_YRVPdlFE1ahZk84OWu7E6L'>UBS eyes $23b capital hit to big banks<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chris Joye at AFR reports on a recent study by UBS banking analysts Jonathon Mott and Adam Lee. The two believe that David Murray&#8217;s financial system inquiry is likely to recommend an increase of 2 to 3% in major banks tier 1 capital ratios. Based on an extra 3 per cent capital buffer for too-big-to-fail &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/16\/australia-ubs-eyes-23b-capital-hit-to-big-banks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia: UBS eyes $23b capital hit to big banks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31],"tags":[208,613,942,1395,2090,2395,2950,2974,3417,3518,3667],"class_list":["post-10341","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","tag-anz","tag-cba","tag-david-murray","tag-financial-system-inquiry","tag-leverage-ratio","tag-nab","tag-return-on-equity","tag-risk-weighting","tag-tier-1-capital-ratio","tag-ubs","tag-westpac"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia: UBS eyes $23b capital hit to big banks - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: UBS eyes $23b capital hit to big banks - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Chris Joye at AFR reports on a recent study by UBS banking analysts Jonathon Mott and Adam Lee. The two believe that David Murray&#8217;s financial system inquiry is likely to recommend an increase of 2 to 3% in major banks tier 1 capital ratios. 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The target was much\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10857,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/10\/big-banks-may-need-41b-more-capital-ubs-says\/","url_meta":{"origin":10341,"position":2},"title":"Big banks may need $41b more capital, UBS says","author":"ColinTwiggs","date":"September 10, 2014","format":false,"excerpt":"From Chris Joye at AFR: UBS\u2019s more likely scenario of a 3 per cent TBTF capital buffer combined with an increase in the average mortgage risk weight to 25 per cent gives a total capital shortfall of $41.1 billion for the majors. Risk-weightings, especially for residential mortgages are coming under\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19379,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/14\/australia-major-banks\/","url_meta":{"origin":10341,"position":3},"title":"Australia: Major banks","author":"Colin Twiggs","date":"November 14, 2019","format":false,"excerpt":"Summary Our review of APRA's June 2019 quarterly report on the four major banks -- Commonwealth, Westpac, ANZ and NAB -- concludes that they are collectively priced at a 16.5% premium over fair value. Technically, the ASX 300 Banks Index ($XBAK) is experiencing secondary selling pressure and a correction is\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12416,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/16\/aussie-big-four-banks-overpriced\/","url_meta":{"origin":10341,"position":4},"title":"Aussie big four banks overpriced","author":"ColinTwiggs","date":"October 16, 2015","format":false,"excerpt":"Australia's big four banks have raised significant amounts of new capital as the realization finally dawned on regulators that they were highly leveraged and likely to act as \"an accelerant rather than a shock-absorber\" in the next downturn. Chris Joye writes in the AFR that the big four have raised\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 300 Banks Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-17-xbak.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-17-xbak.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-17-xbak.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11405,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/12\/08\/australian-banks-rally-on-murray-report\/","url_meta":{"origin":10341,"position":5},"title":"Australian banks rally on Murray Report","author":"ColinTwiggs","date":"December 8, 2014","format":false,"excerpt":"The ASX 200 Financial sector (ex-REITs) responded well to release of David Murray's report into the financial services industry. As the largest constituent of the ASX 200 index, comprising more than one-third of market capitalization, sector performance is critical in determining future direction of the broader index. Breach of resistance\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200 Financial ex Property","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-12-08-xxj.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-12-08-xxj.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-12-08-xxj.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=10341"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/10341\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=10341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=10341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=10341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}