Professor Jean-Pierre Danthine has given an interview with Philippe Gumy of Le Temps about news of further calls for external capital at the Swiss bank UBS.
He emphasized UBS's capital sufficiency, quoting Swiss Federal Banking Commission spokesperson Alain Bichsel that "Internationally, UBS is very well capitalized and far above the average".
Danthine highlighted the persistent mistrust between banks at the current time, and the impact that this is having on the functioning of interbank loans.
Indeed, Danthine believes that the level of interdependence between banks worldwide is a key issue. He spoke about how global regulators such as the Bank for International Settlements are actively considering this issue as they develop future policy on bank capital requirements.
