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jean - pierre danthine : resilience of swiss banks from a financial stability perspective introductory remarks by mr jean - pierre danthine, vice chairman of the governing board of the swiss national bank, at the media news conference of the swiss national bank, berne, 12 december 2013. * * * in my remarks, i would like to look at the situation at swiss banks from a financial stability perspective, taking the big banks first and then moving on to a discussion of domestically focused banks. to close, i will say a few words on the subject of banknotes. big banks : strengthening resilience since the last media news conference in june, the two swiss big banks have improved their capital situation further. this applies particularly to their risk - weighted capital ratios, where, in an international comparison, they are above the average for large global banks. credit suisse, for example, has already met the requirement of 13 % loss - absorbing capital to risk - weighted assets, which comes into force in 2019. according to its published plans, ubs should be able to meet this target by the end of 2014. as regards total capital – which, in addition to loss - absorbing capital, also comprises low - trigger contingent capital instruments – the big banks have also made great progress ; however, they have not yet achieved the ratios that will apply from 2019. unweighted capital ratios – leverage ratios – generate a different picture. both banks have also been able to improve their leverage ratios considerably ; yet in an international comparison based on a number of commonly used definitions, they are still below the average of large global banks. as my colleague thomas jordan has explained, economic and financial conditions for the swiss banking sector continue to be challenging. for this reason, it is vital for the big banks to continue improving their capitalisation, and in turn their resilience, particularly as regards the leverage ratio. this is especially important because the leverage ratio is growing in significance as a measure of bank resilience. in times of crisis, in particular, the leverage ratio often becomes the focus of market attention. in the snb ’ s view, the top priority for the big banks is the consistent and rapid implementation of the “ too big to fail ” ( tbtf ) regulations. the focus should be on the following areas : first, the credibility of risk - weighted asset calculations based on banks ’ internal models should be strengthened. as outlined previously, risk - weighted ratios yield a different picture of a bank ’