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UBS capital requirements should be proportionate, minister says

Summary by WTVB
ZURICH (Reuters) -Capital requirements set for UBS under new banking regulations should be “proportionate”, as Switzerland attempts to strike a balance between financial sector competitiveness and protecting taxpayers, Finance Minister Karin Keller-Sutter said. Swiss authorities are weighing up how to overhaul banking rules in a bid to prevent a repeat of the 2023 collapse of Credit Suisse, which led to its takeover by its old rival UBS. In an i…
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