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      "text": "Under the Swiss SRB requirements, total going concern minimum requirements for all Swiss SRBs are a capital ratio requirement of 12.86% of RWA and a leverage ratio requirement of 4.5%.",
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      "text": "loss-absorbing AT1 capital instruments (high- and low-trigger); loss-absorbing tier 2 capital instruments (high- and low-trigger); non-Basel III-compliant tier 2 capital instruments; and TLAC-eligible senior unsecured debt instruments.",
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      "text": "The total going concern capital requirements applicable are 14.32% of RWA (including countercyclical buffer requirements) and 5.00% of LRD.",
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      "text": "Under the Swiss SRB rules, going concern capital includes CET1 and high-trigger loss-absorbing AT1 capital instruments. Our existing outstanding low-trigger loss-absorbing AT1 capital instruments are available to meet the going concern capital requirements until their first call date.",
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      "text": "Under the Swiss SRB requirements, total going concern minimum requirements for all Swiss SRBs are a capital ratio requirement of 12.86% of RWA and a leverage ratio requirement of 4.5%.",
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      "text": "Under the Swiss SRB framework, going and gone concern requirements represent the Group's TLAC requirement. TLAC encompasses regulatory capital, such as CET1, loss-absorbing additional tier 1 (AT1) and tier 2 capital instruments, and liabilities that can be written down or converted into equity in case of resolution or for the purpose of restructuring measures.",
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      "text": "Effective from 27 March 2020, the Swiss Federal Council deactivated the countercyclical buffer requirement of 2% on risk-weighted positions... In January 2022, the Swiss Federal Council decided, at the request of the Swiss National Bank, to reactivate the countercyclical capital buffer, at a maximum level of 2.5%.",
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      "text": "The Basel III framework came into effect in Switzerland on 1 January 2013 and is embedded in the Swiss Capital Adequacy Ordinance (the CAO). The CAO also includes the too-big-to-fail provisions applicable to Swiss SRBs, which have been fully phased-in since 1 January 2020.",
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      "text": "The disclosures in this section are provided for UBS Group AG on a consolidated basis and focus on key developments during the reporting period and information in accordance with the Basel III framework, as applicable to Swiss SRBs.",
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