Swiss parliamentary committee debates new capital rules for UBS
The committee discussed letting UBS use AT1 bonds for part of a proposed $20 billion capital increase, while lawmakers seek tougher safeguards.
11 Articles
11 Articles
Swiss Parliament Stalemate: The UBS Banking Regulation Debate
A Swiss parliamentary committee struggled to agree on new banking rules for UBS, which demand $20 billion in extra Common Equity Tier-1 capital to avoid future crises post-Credit Suisse collapse. UBS argues the requirement could reduce competitiveness. Debate continues with an upper-house vote expected in September.
A Swiss parliamentary committee failed to reach an agreement on Tuesday (11) on the new banking regulations proposed for UBS, as some parliamentarians pressed for smoothing the stricter rules developed by the government after the collapse of Credit Suisse. Exclusive material for subscribers. To have full access, access the link of the subject and register.
During a long-awaited debate, the Committee on Economy and Royalties of the Council of States has not been able to reach a decision.It will resume discussions on 31 AugustThe Committee on Economy and Royalties of the Council of States (CER-E) "has not yet taken a decision" on the level of equity of banks of systemic importance active at international level, in this case UBS.The press conference scheduled for 14:30 has therefore been cancelled, a…
UBS Capital Decision Postponed by Swiss Parliament Committee
Swiss lawmakers postponed an interim vote on proposed changes to UBS Group AG’s capital requirements, extending uncertainty over how far they are prepared to dilute the government’s planned overhaul of financial regulation.
Swiss parliamentary committee debates new capital rules for UBS
A Swiss parliamentary committee will meet on Tuesday to discuss planned new banking regulations for UBS , amid a push by some lawmakers to temper tougher rules drafted by the government after the demise of Credit Suisse.
The UBS wants to analyse the proposals published by the Federal Council on Wednesday in the context of the "Too Big-To-Fail" regulation, which shows itself reluctant to submit to the Federal Council.
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