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Swiss Journal of Economics and Statistics

Table 8 Conversion factor: Basel III CET1 Look-through to BIS Basel II Tier1

From: Optimal equity capital requirements for large Swiss banks

Basel III CET1_Look-through = 0.60 * BIS Basel II Tier1

Period

CS

UBS

Combined

Basel II BIS Tier1Mio CHF

Basel III CET1Look-through Mio CHF

Basel II BIS Tier1Mio CHF

Basel III CET1Look-through Mio CHF

Conversion factor Basel III CET1/Basel II Tier1

2011Q4–2013Q4

43′730

23′895

40′406

26′902

0.60

  1. Sources: BIS Tier1 quarterly observations gathered via Bloomberg and quarterly financial reports of CS and UBS. CET1 Look-through respectively CET1 Fully-applied: Quarterly Financial Reports of CS and UBS. The pro-forma CET1 Look-through figures of CS for Q2 2012 and 2013 and for Q4 2012 were collected from CS Investor Day Presentations, in particular: Barclays Global Financial Services Conference, September 12, 2012, and September 11, 2013
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