Restricted financial assets	12 Months Ended
Restricted financial assets	Dec. 31, 2021
Entity [Table]
Restricted Assets Disclosure Text Block	Note 23 Restricted and transferred financial assets This Note provides information about restricted financial assets (Note 23a), transfers of financial assets (Note 23b and 23c) and financial assets that are received as collateral with the right to resell or repledge these assets (Note 23d). a) Restricted financial assets Restricted financial assets consist of assets pledged as collateral against an existing liability or contingent liability and other assets that are otherwise explicitly restricted such that they cannot be used to secure funding. Financial assets are mainly pledged as collateral in securities lending transactions, in repurchase transactions, against loans from Swiss mortgage institutions and in connection with the issuance of covered bonds. The Group generally enters into repurchase and securities lending arrangements under standard market agreements. For securities lending, the cash received as collateral may be more or less than the fair value of the securities loaned, depending on the nature of the transaction. For repurchase agreements, the fair value of the collateral sold under an agreement to repurchase is generally in excess of the cash borrowed. Pledged mortgage loans serve as collateral for existing liabilities against Swiss central mortgage institutions and for existing covered bond issuances of USD 10,843 million as of 31 December 2021 (31 December 2020: USD 12,456 million). Other restricted financial assets include assets protected under client asset segregation rules, assets held by the Group’s insurance entities to back related liabilities to the policy holders, assets held in certain jurisdictions to comply with explicit minimum local asset maintenance requirements. The carrying amount of the liabilities associated with these other restricted financial assets is generally equal to the carrying amount of the assets, with the exception of assets held to comply with local asset maintenance requirements, for which the associated liabilities are greater. Restricted financial assets USD million 31.12.21 31.12.20 Restricted financial assets of which: assets pledged as collateral that may be sold or repledged by counterparties of which: mortgage loans 1 Restricted financial assets of which: assets pledged as collateral that may be sold or repledged by counterparties of which: mortgage loans 1 Financial assets pledged as collateral Financial assets at fair value held for trading 63,725 43,397 64,367 47,098 Loans and advances to customers 18,160 16,330 20,361 18,191 Financial assets at fair value not held for trading 961 961 2,140 2,140 Debt securities classified as Other financial assets measured at amortized cost 2,234 1,870 2,506 2,506 Financial assets measured at fair value through other comprehensive income 0 0 149 149 Total financial assets pledged as collateral 2 85,079 89,523 Other restricted financial assets Loans and advances to banks 3,408 3,730 Financial assets at fair value held for trading 392 741 Cash collateral receivables on derivative instruments 4,747 3,765 Loans and advances to customers 1,237 756 Financial assets at fair value not held for trading 22,765 23,243 Financial assets measured at fair value through other comprehensive income 894 0 Other 97 110 Total other restricted financial assets 33,540 32,345 Total financial assets pledged and other restricted financial assets 118,619 121,868 1 All related to mortgage loans that serve as collateral for existing liabilities toward Swiss central mortgage institutions and for existing covered bond issuances. Of these pledged mortgage loans, approximately USD 2.7 billion as of 31 December 2021 (31 December 2020: approximately USD 2.7 billion) could be withdrawn or used for future liabilities or covered bond issuances without breaching existing collateral requirements. 2 Does not include assets placed with central banks related to undrawn credit lines and for payment, clearing and settlement purposes (31 December 2021: USD 4.4 billion; 31 December 2020: USD 1.3 billion). In addition to restrictions on financial assets, UBS Group AG and its subsidiaries are, in certain cases, subject to regulatory requirements that affect the transfer of dividends and capital within the Group, as well as intercompany lending. Supervisory authorities also may require entities to measure capital and leverage ratios on a stressed basis, such as the Federal Reserve Board ’s Comprehensive Capital Analysis and Review process, which may limit the relevant subsidiaries’ ability to make distributions of capital based on the results of those tests. Supervisory authorities generally have discretion to impose higher requirements or to otherwise limit the activities of subsidiaries. Non-regulated subsidiaries are generally not subject to such requirements and transfer restrictions. However, restrictions can also be the result of different legal, regulatory, contractual, entity- or country-specific arrangements and / or requirements. › Refer to the “Financial and regulatory key figures for our significant regulated subsidiaries and sub-groups” section of this report for financial information about significant regulated subsidiaries of the Group
UBS AG
Entity [Table]
Restricted Assets Disclosure Text Block	Note 23 Restricted and transferred financial assets This Note provides information about restricted financial assets (Note 23a), transfers of financial assets (Note 23b and 23c) and financial assets that are received as collateral with the right to resell or repledge these assets (Note 23d). a) Restricted financial assets Restricted financial assets consist of assets pledged as collateral against an existing liability or contingent liability and other assets that are otherwise explicitly restricted such that they cannot be used to secure funding. Financial assets are mainly pledged as collateral in securities lending transactions, in repurchase transactions, against loans from Swiss mortgage institutions and in connection with the issuance of covered bonds. UBS AG generally enters into repurchase and securities lending arrangements under standard market agreements. For securities lending, the cash received as collateral may be more or less than the fair value of the securities loaned, depending on the nature of the transaction. For repurchase agreements, the fair value of the collateral sold under an agreement to repurchase is generally in excess of the cash borrowed. Pledged mortgage loans serve as collateral for existing liabilities against Swiss central mortgage institutions and for existing covered bond issuances of USD 10,843 million as of 31 December 2021 (31 December 2020: USD 12,456 million). Other restricted financial assets include assets protected under client asset segregation rules, assets held by UBS AG’s insurance entities to back related liabilities to the policy holders, assets held in certain jurisdictions to comply with explicit minimum local asset maintenance requirements. The carrying amount of the liabilities associated with these other restricted financial assets is generally equal to the carrying amount of the assets, with the exception of assets held to comply with local asset maintenance requirements, for which the associated liabilities are greater. Restricted financial assets USD million 31.12.21 31.12.20 Restricted financial assets of which: assets pledged as collateral that may be sold or repledged by counterparties of which: mortgage loans 1 Restricted financial assets of which: assets pledged as collateral that may be sold or repledged by counterparties of which: mortgage loans 1 Financial assets pledged as collateral Financial assets at fair value held for trading 63,834 43,397 64,418 47,098 Loans and advances to customers 18,160 16,330 20,361 18,191 Financial assets at fair value not held for trading 961 961 2,140 2,140 Debt securities classified as Other financial assets measured at amortized cost 2,234 1,870 2,506 2,506 Financial assets measured at fair value through other comprehensive income 0 0 149 149 Total financial assets pledged as collateral 2 85,188 89,574 Other restricted financial assets Loans and advances to banks 3,408 3,730 Financial assets at fair value held for trading 392 741 Cash collateral receivables on derivative instruments 4,747 3,765 Loans and advances to customers 1,237 756 Financial assets at fair value not held for trading 22,328 22,917 Financial assets measured at fair value through other comprehensive income 894 0 Other 97 110 Total other restricted financial assets 33,104 32,019 Total financial assets pledged and other restricted financial assets 118,292 121,593 1 All related to mortgage loans that serve as collateral for existing liabilities toward Swiss central mortgage institutions and for existing covered bond issuances. Of these pledged mortgage loans, approximately USD 2.7 billion as of 31 December 2021 (31 December 2020: approximately USD 2.7 billion) could be withdrawn or used for future liabilities or covered bond issuances without breaching existing collateral requirements. 2 Does not include assets placed with central banks related to undrawn credit lines and for payment, clearing and settlement purposes (31 December 2021: USD 4.4 billion; 31 December 2020: USD 1.3 billion). In addition to restrictions on financial assets, UBS AG and its subsidiaries are, in certain cases, subject to regulatory requirements that affect the transfer of dividends and capital within UBS AG, as well as intercompany lending. Supervisory authorities also may require entities to measure capital and leverage ratios on a stressed basis, such as the Federal Reserve Board’s Comprehensive Capital Analysis and Review process, which may limit the relevant subsidiaries’ ability to make distributions of capital based on the results of those tests. Supervisory authorities generally have discretion to impose higher requirements or to otherwise limit the activities of subsidiaries. Non-regulated subsidiaries are generally not subject to such requirements and transfer restrictions. However, restrictions can also be the result of different legal, regulatory, contractual, entity- or country-specific arrangements and / or requirements. › Refer to the “Financial and regulatory key figures for our significant regulated subsidiaries and sub-groups” section of this report for financial information about significant regulated subsidiaries of UBS AG