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The board also said UBS Securities sold a huge amount of equities for which its parent, UBS, had issued offshore derivatives backed by Indian shares.
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A small amount of equity has already been raised.
Latest figures show that the amount of equity released more than doubled last year to £852m.
"Most companies take a considerable amount of equity risk," he said.
Intensive use of debt dramatically shrinks the amount of equity in a company.
As home prices increase, the amount of equity homeowners think they have increases, Pinto said.
If either of these two factors is off, no amount of equity cushion is sufficient.
A further 54% borrow no more than the amount of equity their investors put into them.
British homeowners withdrew a record amount of equity from their homes in the last quarter of 2003, the Bank of England announced today.
Although James only "owns" 35% of his flat, he says he has a significant amount of equity in the property.
You will need a substantial amount of equity in your property before you can consider borrowing more.
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