Most large firms are in the midst of their annual planning cycle. In light of the uncertainties around COVID-19, strategic planning has perhaps never been more difficult than this year….
Message from Robin and Andreas:
With great pleasure we announce today that Robin Dutt joins Orbit36 as Managing Partner. We worked together for many years as senior managers at UBS…
The prices of AT1 bonds allow to infer the probabilities with which CET1 falls below critical thresholds.
Additional Tier 1 (AT1) bonds play an important role in the capital structure…
Implied CET1 ratios suggest significant loss of capital.
Bank stocks have lost between 30% and 50% since their temporary highs in February. With the spreading of COVID-19 in Europe and…
The strategic questions a bank management has to address.
1. Liquidity and funding risks?
a. Are there any liquidity movements which require immediate attention?
b. Withdrawals of client deposits due…
Should we worry about the weak performance of bank stocks?
While initially financial markets were surprisingly relaxed about the outbreak of the Corona Virus in China, market sentiment has completely…
Why do banks need capital and what are the costs associated with it?
As practitioners in the banking industry, we focus a lot on regulatory capital requirements. We closely monitor…
How much RoE should a bank achieve?
How much return on equity (RoE) should a bank make? The answer to this question is not evident. Some argue that banks can…
On 27 November 2019, the Federal Council announced a number of amendments to the Swiss capital ordinance, effective…
How likely is it that a twice in a century typhoon falls together with a magnitude five earthquake? Until recently, I would have said very unlikely. Yet, it is exactly…